The 7(a) is the most popular loan program. The loan amounts on the 7A program could go up to $5 million. Business owners love it for its long terms and flexibility, and because you can use it to alleviate most of the business necessities—making the loans more manageable for borrowers.
The Small Business Administration 7(a) loan could be used to purchase or lease equipment and machinery, inject working capital into your business, refinance existing debt, purchase an existing business, purchase furniture, construction & remodeling, acquiring real estate, fulfill seasonal inventory demands, and much more.
Get the funds to expand your business, buy out a partner, purchase commercial property, build a new facility, upgrade equipment, and more.
The fees1 can be included in the financing: