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What is an SBA 7(a) Loan?

August 4, 2022

Think you need a lot of money to get a small business loan? Not so with an SBA 7(a) loan. In this post, we’ll outline what this SBA loan is, who qualifies for it, and how to go about getting one. Ready to learn more? Let’s get started!

What is an SBA 7(a) Loan?

The SBA 7(a) loan program is the most popular of the SBA loans provided by the Small Business Administration and offered by SBA lenders, such as banks, credit unions, and online lenders. It’s available to businesses of all sizes and can be used for various purposes, including working capital and cash flow, inventory, equipment, and real estate.

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