SBA 7(a) Loan

SBA 7(a) is a government loan backed by the Small Business Administration to provide financial help for small businesses.

 

The funds can be used for:

 

• working capital; 

• refinancing existing non-Merchant Cash Advance business debts; 

• acquiring, refinancing, or improving business real estates; 

• purchase equipment, furnitures, and supplies; 

• and a combination of the uses mentioned above.

 

Eligibility for the loan include credit history, how the business produces its income, the ability to repay the loan, and more.