Our friends at Filmore Capital have created a great guide that covers Everything You Need to Know About SBA 7(a) Loans: Acquisitions, Partner Buyouts and More.
Of the many loans available to small and mid-sized business owners, the SBA 7(a) Loan is the most common loan administered by the U.S. Small Business Administration. These loans are issued by a private lender and guaranteed by the SBA, which guaranteed nearly 52,000 7(a) loans in the 2021 fiscal year.
Also known as the “Growth Generator” loan, it is designed to help an enterprise grow by offering much-needed capital alongside low-interest rates and a manageable downpayment.
The SBA 7(a) loan is one of the most flexible loan options available through the SBA, with loans up to $5 million. The Growth Generator can be used for a variety of purposes, including to fund:
For more information on SBA 7(a) loans, including determining eligibility, benefits, and how to obtain the loan, head to Filmore Capital’s website:
Filmore Capital is a commercial loan broker based in North Carolina. They are engaged by business owners and commercial real estate investors to find and negotiate the most favorable financing terms. Filmore Capital leverages long term trusted relationships with a network of qualified lenders.