SBA 7(a) loans
The most popular SBA program: long repayment terms and some of the lowest rates in small business lending. We match you with SBA lenders and brokers in our network that approve businesses like yours.
- Amount
- Up to $5M
- Terms
- 10 to 25 yrs
- Time to fund
- Weeks
- Best for
- 2+ yrs in business
Who usually qualifies
- Two or more years in business (some lenders go lower)
- Personal credit around 650 or higher
- Steady revenue that covers the new payment
- A clear use for the money: working capital, equipment, expansion, refinancing or buying a business
Not sure this is the right fit?
Tell us about your business. If another option fits better, we will match you there instead.
SBA 7(a) loans questions
How long does an SBA 7(a) loan take?
Most close in about 4 to 8 weeks. A complete application with recent tax returns and bank statements moves fastest.
Do I need collateral?
Lenders take available business assets as collateral on larger loans, but a lack of collateral alone usually does not stop an SBA loan.
Can I use it to buy a business?
Yes. Business acquisitions are one of the most common uses of SBA 7(a) loans.