SBA Loan Information

SBA 7(a) Loan Program

Use of Funds
Business Acquisition, Real Estate, Equipment, Expansion, Inventory, Leasehold Improvements, Debt Refinance, Working Capital

Loan Types
Term Loan

Loan Size
Up to $5,000,000

Terms
Real Estate: 25 years
Equipment & Refinance: 10 years
Working Capital: 7-10 years

SBA Guarantee
85% for loans $150,000 or less, and 75% for loans over $150,000

SBA 504 Program

Use of Funds
Real Estate and Equipment

Loan Types
Term Loan

Loan Size
Up to $10,000,000

Terms
Real Estate: 20 years
Equipment: 10 years

SBA Guarantee
50% bank loan, 40% SBA, 10% borrower equity

SBA Express Loan

Use of Funds
Working Capital

Loan Types
Term or Line of credit

Loan Size
Up to $350,000

Terms
Up to 7 years

SBA Guarantee
50%