Basic 7(a) Loan Guaranty
The 7(a) Loan Guaranty Program serves as the SBA’s primary business loan program to help
qualified small businesses obtain financing when they might not be eligible for business loans
through normal lending channels.
Loan proceeds can be used for most sound business purposes
including working capital, machinery and equipment, furniture and fixtures, land and building
(including purchase, renovation and new construction), leasehold improvements, and debt refinancing
(under special conditions). Loan maturity is up to 10 years for working capital and generally up to
25 years for fixed assets. SBA does target Veterans specifically in some of our loan programs. To
find out more, visit
http://www.sba.gov/financing/sbaloan/7a.html,
or contact your district office, or any of the Centers or Chapters mentioned previously.
