The SBA 7(a) loan is one of the best small business loan options.

What it is:

An SBA 7a loan is a government loan program that allows small businesses that would otherwise have difficulties, get financing at reasonable terms.

Guarantee:

The SBA will guarantee up to 85% of the loans. You will also avoid an SBA disaster loan.

Interest Rate Cap:

The SBA sets a maximum interest rate based on the details of the loan, that you and your lender can negotiate within that limit.

WHAT DO I NEED TO QUALIFY?

• A good credit score
• Be a for-profit organization
• Show a business plan for the funds
• Meet the SBA’s small business guidelines
• Have used other financial resources before

SBA 7 (A) in a Nutshell:

There are various types of SBA 7a loans you can benefit from.

Contact Equire today to find out which of the available loan options are best suited for your business.