SBA PROGRAMS-THE 7(A) LOAN

•    Largest SBA Financing Programs

•    Offers reasonable rates and terms

•    Use the loan to purchase real estate, equipment, working capital or inventory for your small business

•    Loan proceeds may also be used to refinance business debt or purchase a small business

•    Max loan amount: $5 million

•    Interest rate: generally prime + a reasonable rate capped at 2.75%

•    Terms:

» Loan term varies according to the purpose of the loan, generally up to 25 years for real estate

» 10 years for other fixed assets and working capital

•   Guarantee: 50 to 90%