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7A
$100,000 – $2,000,000
PROGRAM DETAILS
Business Eligibility
- For-profit business
- SBA size standards based on the number of employees or annual revenues
- Multi-Industry properties eligible
- Loan amounts from $100,000 – $2,000,000
- Minimum 1.20x DSC
- Up to 90% Financing
- Rates fixed & floating
- Up to 25 years amortization fully amortized
- Costs may be included in loan
- 3 year stepdown for loans with at least 15 year term
- Expand / acquire a new business
- Purchase , construct, or expand commercial real estate
- Leasehold improvements
- Purchase equipment, machinery, furniture, fixtures, supplies, or materials
- Provide working capital
- Refinance unreasonable debt