SBA 7(a) Loans
The SBA 7(a) Loan Program is what most business owners envision when they think of an SBA loan. The loan, the most common loan the SBA guarantees, is used by individuals looking to acquire a small business or to finance their existing business.
The SBA has designated the following as acceptable uses for the proceeds of its 7(a) guaranteed loans:
- Purchase of existing land or buildings.
- Construction of new facilities or expand current facilities.
- Acquisition of equipment, machinery, furniture, supplies, materials or fixtures.
- Acquisition of an existing company.
- Refinancing or consolodating business debt.
- As long term working capital or to purchase inventory.
- As short term working capital.







