Loan program details

• Amount: $100,000 – $5 million
• Interest rate: Competitive interest rates determined after we evaluate your application
• Time to funding: 60 to 90 days
• Loan term: Up to 10 years for general loan uses (such as working capital or equipment purchase) or up to 25 years for real estate purchase

What can I use an SBA 7(a) loan for?

You can use an SBA 7(a) loan for almost any business purpose, including:

• Working capital: Fund day-to-day operational expenses, inventory purchases, or short-term financial obligations.
• Equipment purchase: Buy new machinery, vehicles, or technology for business operations.
• Real estate acquisition: Purchase land or buildings for business use.
• Business expansion: Finance the cost of opening new locations or expanding existing facilities.
• Debt refinance: Consolidate and refinance existing business debts at more favorable terms.
• Business acquisition: Purchase an existing business or buy out a partner.
• Startup costs: Cover the initial expenses of launching a new business venture.

Will I qualify?

Assess your business’s financial health by considering the following. If the answers to most or all of these questions are “yes,” you’re well-prepared for a loan.

• Is your business profitable? If not, do you have projections that show how a loan will help your business grow and become profitable?
• Do you pay yourself a salary? If you do not, does your business generate enough cash and profits to pay you a livable salary?
• Are you current on all personal and business taxes?
• Do you have a reliable track record of repaying business and personal loans as agreed?

How to apply 

Learn more about how to get started here.