• 10685-B Hazelhurst Drive, Suite 16249 Houston, TX 77043-3261
  • Open: Mon-Fri 8:30-5:30 Sat 9:00-1:00 Sun CLOSED
  • 10685-B Hazelhurst Drive, Suite 16249 Houston, TX 77043-3261
  • Open: Mon-Fri 8:30-5:30 Sat 9:00-1:00 Sun CLOSED

SBA 7(a) LOAN

 

Access up to $5 million in capital with extended SBA 7(a) loan terms

The SBA7(a) loan is ideal for businesses with less established credit that want to improve cash flow ,refinance debt , fund improvements ,or purchase equipment or real estate .Like other SBA loans ,it features longer terms and lower down payment requirements than conventional loans.

 

Details

  •  Fixed or variable rate term loan
  •  Borrow up to $5MM
  •  10% down payment (15% for startups)
  •  Up to 90% financing

SBA 7(a) Loan Terms

  •  Up to 10 years for working capital
  •  Up to 15 years for equipment
  •  Up to 25 years for real estate

Maximum Interest Rates

  •  Prime plus 2.25% for maturities under 7 years
  •  Prime plus 2.75% for maturities of 7 years or longer
  •  SBA publishes updated 7(a) loan rates monthly

SBA Guaranty Fees*

  •  2.00% up to $150,000
  •  3.00% from $150,001 to $700,000
  •  3.50% from $700,001 to $1,000,000
  •  3.75% for SBA guaranteed amounts >$1,000,000