SBA Loan Programs » SBA 7A
- Maximum 7a funding up to $2,000,000
- 20-25 year term on real estate
- 10-year term on machinery and equipment
- 7-year term on working capital
- Rates based on Wall Street Journal Prime Rate
- As little as 10% equity injection
- Personal guarantee required for 20% or greater owner
- Pledging of personal assets for collateral – if required
SBA Guarantee Fee
- Up to $150M – 2%
- More than $150M – $700M – 3%
- More than $700M – $2MM – 3.5%
- Guaranteed portion exceeds $1MM, then .25% of the guaranteed amount which exceeds $1MM
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