Small Business Administration (SBA) 7(a) Loan Program

FUNDING PROGRAM: Small Business Administration (SBA) 7(a) Loan Program.

FUNDING OPPORTUNITY NUMBER: sba.gov/7a

FUNDING AGENCIES: Small Business Administration.

OPPORTUNITY:

The 7(a) Loan Program, SBA’s primary business loan program, provides loan guarantees to lenders that allow them to provide financial help for small businesses with special requirements.

DESCRIPTION:

7(a) loans can be used for:

• Acquiring, refinancing, or improving real estate and buildings
• Short- and long-term working capital
• Refinancing current business debt
• Purchasing and installation of machinery and equipment, including AI-related expenses
• Purchasing furniture, fixtures, and supplies
• Changes of ownership (complete or partial)
• Multiple-purpose loans, including any of the above

ELIGIBLE APPLICANTS: Small businesses.

COST SHARING: 15% of the total eligible project.

FUNDING AVAILABLE:

• INDIVIDUAL AWARD AMOUNTS: The maximum loan amount for a 7(a) loan is $5 million.

APPLICATION DEADLINE: Available year-round.