The 7(a) Loan Program, SBA?s most common loan program, includes financial help for small businesses with special requirements. This is the best option when real estate is part of a business purchase, but it can also be used for:
o Short- and long-term working capital
o Refinance current business debt
o Purchase furniture, fixtures, and supplies
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.
Please contact the instructor Roderick.Perkins@sba.gov with any questions or concerns you may have.