SBA 7(a) Loan

The SBA 7(a) loan is a financial product offered by the U.S. Small Business Administration to help small businesses secure funding they might not get easily from traditional lenders. The SBA guarantees a portion of the loan, making lenders more willing to lend and offering favorable terms like lower down payments and longer repayment periods. These loans can be used for various purposes such as working capital, purchasing inventory, or buying equipment. Ultimately, the SBA 7(a) helps small businesses access the capital needed to grow and succeed with manageable borrowing conditions.