Small business team reviewing plans and financial strategies with the support of SBA 7(a) loans for working capital, expansion, or equipment financing.
Small business owners reviewing finances at a local café, exploring SBA 7(a) loan options to support operations, working capital, or business expansion.

What is the 7(a) Loan Program?

The 7(a) Loan Program, SBA’s primary business loan program, provides loan guaranties to lenders that allow them to provide financial help for small businesses with special requirements. 7(a) loans can be used for:

  • Acquiring, refinancing, or improving real estate and buildings
  • Short- and long-term working capital
  • Refinancing current business debt
  • Purchasing and installation of machinery and equipment, including AI-related expenses
  • Purchasing furniture, fixtures, and supplies
  • Changes of ownership (complete or partial)
  • Multiple purpose loans, including any of the above

The maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates. Your lender will help you figure out which type of loan is best suited for your needs. This also includes recommending you for an SBA 7(a) Working Capital Pilot (WCP) loan, if your business qualifies.

SBA 7(a) Loans can be guaranteed for a variety of general business purposes

Loan maturity is up to 10 years for working capital and generally up to 25 years for fixed assets.

Working Capital

Machinery and Equipment

Including Furniture and Fixtures

Debt Financing

Under Special Conditions

Land and Building

Purchase, Renovation, New Construction, and Leasehold improvements

Still have questions?

Contact our team or call our office today!