LoanMedium difficulty

SBA 7(a) Loan Program

U.S. Small Business Administration

Amount
$50K – $5.0M
Interest Rate
Prime + 2.75% (variable)
Max Term
25 years
Approval Time
30–90 days

About This Program

The SBA 7(a) is the most popular SBA loan program, ideal for businesses needing working capital, equipment, or real estate financing. Backed by the federal government, making it easier to qualify than conventional bank loans.

Eligibility Requirements

Minimum Credit Score
640
Minimum Years in Business
2
Minimum Annual Revenue
$100,000
Eligible Business Types
llc, s corp, c corp, sole proprietor, partnership

Documents Required

  • 2 years business tax returns
  • Personal tax returns (3 years)
  • Business plan
  • 3 months bank statements
  • Business financial statements

How to Apply

  1. 1Check your eligibility using our free checker tool
  2. 2Gather the required documents listed above
  3. 3Visit the official program page and submit your application
  4. 4Wait for review — typical approval takes 30–90 days
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