The Small Business Administration (SBA)7A program can helps businesses access loans that are hard to place elsewhere.
The SBA lenders loan is typically guaranteed up to 75% by the U.S. Government’s, which allows SBA lenders to take more risk. This option is great for businesses that would like to expand or buy a business; people looking to start a business or buy an existing business that will be directly managing the business.
The business or person may not have enough cash for a traditional down payment of 25% down or more or enough collateral for a traditional loan. The SBA 7A program can helps businesses access business loans that are hard to place, or who only have 10% down in cash or not enough collateral.
