SBA provides loan guarantees to lenders that in turn make loans to businesses, including sole proprietorships.
To be eligible for financing under SBA's 7(a) loan program, the applicant business must meet all of the following:
Certain variations of SBA's 7(a) loan program may also require additional eligibility criteria. Special purpose programs will identify those additional criteria.
For more information, please visit SBA’s 7(a) Loan Program Quick Overview page.
The maximum length of the loan is 25 years for real estate and up to 10 years for working capital, inventory, equipment, or other business assets. The maximum loan amount is $5 million.
For more information, please visit SBA’s 7(a) Loan Program Quick Overview page.
25 years for real estate, 7 years for working capital | |
Subject to SBA maximums, tied to the Prime Rate | |
$5 million | |
Varies, but typically monthly | |
Varies | |
Yes |
Start by finding a participating SBA Lender at SBA Lender Match, or contact a local SBA District Office.
Find a local SBA District Office: SBA District Offices
Find a participating SBA Lender: SBA Lender Match