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SBA 7(a) Loan

Expand on your dreams for your business.
Find An Expert
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Our team can help small businesses like yours get government-sponsored loans.

Access capital from the Small Business Administration (SBA) to meet the short- and long-term needs of your business.

Perfect for you if:
  • You’re expanding a business
  • You’re making an acquisition or buying out a partner
  • You need flexibility on terms and uses

Loan Features

  • Up to $5 million
  • Loan terms up to 25 years
  • No balloon payments
  • Flexible terms and requirements
  • Up to 100% financing for rent
    replacement commercial real estate

Terms

  • 10-year maximum for business acquisition with no real estate
  • 15-year maximum for machinery and equipment
  • 25-year maximum for real estate if 51% or more of the loan is allocated to it

Loan Purpose

Whether you’re a new business owner or looking to expand operations, the proceeds from SBA 7(a) loans can help fund almost any aspect of development:

  • Acquire another business
  • Purchase owner-user real estate
  • Expand a business
  • Buy equipment and inventory
  • Obtain working capital
  • Buyout a partner

Eligibility

  • Meet the SBA definition of a small business and use the funds for an eligible and sound business purpose
  • Be engaged in, or planning to do business in, the United States
  • Operate for profit and demonstrate a need for a loan
  • Have reasonable invested equity
  • Use alternative financial resources, including personal assets, before seeking financial assistance
  • Not be delinquent on any existing debt obligations to the U.S. government

Gather what you need to start the process.

Personal and business tax returns for the past three years
Purchase contract for acquisition or copies of notes to refinance
Year-to-date financials for the business
Business plan or projections for an expansion

Ready to get started?

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Talk With Your First Bank SBA Expert

Build your business with our trusted expertise.
Get Started

Approved to offer SBA loan products under SBA’s Preferred Lender programs. Loans subject to credit approval.

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