Business LoansSBA 7A Loans

Jumpstart your business

Whatever your small business needs, an SBA 7(a) loan can help you get there.

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SBA 7A Loan Program
The Run Down
  • Loan maturity between 10-25 years
  • Up to $5 million in financing
  • General-purpose small business loan
  • Favorable terms for small businesses through the SBA
  • Up to 90% loan-to-value ratio 
  • Start-ups are eligible

Do I qualify for an SBA 7(a) loan?

The purpose of SBA loans is to help certain types of small businesses with favorable loan terms. In order to qualify, a business must meet the following criteria:

Read more about SBA 7(a) loan program qualification at SBA.gov.

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Small business, big benefits

If you qualify for an SBA loan, you can take advantage of several great benefits that these loans provide, including:

  • More flexible qualification criteria than a conventional loan
  • Longer repayment terms than conventional loans
  • Lower down payments on fixed assets
Other options

Looking for financing specifically to purchase equipment or real estate for your small business? You should consider the SBA 504 loan program.

Ready to Get Started?

Speak to one of our business loan experts. We'll help you determine your exact needs and the best financing options available. When you're ready, we'll also help you apply for a business loan.

773-462-8651

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Get the right type of SBA loan

SBA 7(a) Loan

Quick Summary

Working capital for almost any business need.

Max Term
  • 5 to 7 years for working capital
  • 10 years for business acquisition or equipment
  • 25 years for real estate
Down Payment

10% Minimum

Consider If

You need a small business loan to purchase commericial real estate, equipment or a business 

SBA 504 Loan

Quick Summary

Purchase equipment or real estate. Also used for construction and renovation.

Max Term
  • 10 years for equipment
  • 20 years for real estate
Down Payment

10%

Consider If

You need a small business loan to purchase commercial real estate or equipment

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