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SBA 7(a) Loan Program

The SBA 7(a) loan program is the most common SBA loan utilized by small businesses. Within the 7(a) lending platform, lending institutions can provide small businesses term loans up to $5 million, small term loans, $350,000 or less, under the SLA program, CAPLine loans for larger lines of credit and contract financing and Express Loans for small lines of credit, $350,000 or less.

SBA 7(a): Express Loans

Lenders must apply and be approved to participate in the SBA Express program. If the lender is currently an SBA partner lender and meets certain portfolio performance standards or if they are currently a non-SBA lender, but makes a reasonable number of commercial loans $50,000 or less, the lender is eligible to participate in the program.

Loan Amounts: $350,000 or less
Term: Up to seven years with maturity extensions permitted at the outset
Use of Proceeds: Ideally for smaller lines of credit. Term loans should utilize the SLA program.
Rates: Variable or fixed, at discretion of the lender. Maximum allowable rates vary based on term and amount of loan.

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