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SBA 7(a) Loan Program

The SBA 7(a) loan program is the most common SBA loan utilized by small businesses. Within the 7(a) lending platform, lending institutions can provide small businesses term loans up to $5 million; small term loans, $350,000 or less, under the SLA program; CAPLine loans for larger lines of credit; and contract financing and Express Loans for small lines of credit, $350,000 or less.

SBA 7(a): Term Loans

Loan Amounts: $350,000 to $5 million
Terms: 25 years for real estate use of proceeds
  10 years for all of business use of proceeds including:
    Equipment (can be longer based on useful life of equipment)
    Inventory
    Leasehold Improvements
    Furniture & Fixtures
    Working Capital
    Business Value (Goodwill)
Personal Guarantee: Required from each 20% or more owner
Rate: Variable, based on Wall Street Journal Prime, adjusted calendar quarterly
Prepayment Penalty: Only on loans with a payment term of 15 years or greater:
  5% year one
  3% year two
  1% year three

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2901 Wilcrest Drive, Suite 235 | Houston, TX 77042 | (281) 248-2151
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