This is the most widely used of all SBA business loan programs for assisting entrepreneurs who want to start, expand or acquire small business.
The 7(a) is one of the few commercial loans available for those who need financing but lack sufficient down payment money or equity. For some types of businesses, 7(a) loans offer up to 100% loan to value. These include medical and dental practices, veterinary clinics, independent pharmacies, and funeral homes. It also offers flexibility in that they can be used for any valid business purpose. Plus, recent legislation has enabled larger businesses to obtain loans through the 7(a) program.
Learn the important facts about this program in this free guide as well as the questions to ask and mistakes to avoid, plus receive complimentary quotes and proposals from several reputable providers.