SBA 7(a) Loans

SBA Loans

Named for the section of the Small Business Act it comes from, the SBA 7(a) loan is the most popular of the SBA Loan Programs. The SBA does not make the loans directly, but rather guarantees loans made by participating lenders like ReadyCap Lending. The 7(a) loan is a very flexible loan product that can be used by small businesses and entrepreneurs to buy real estate and equipment, expand, purchase another business, or even start a business. The maximum loan amount under this program is $5,000,000, but can be as low as $250,000. The government guarantee acts as a credit enhancement to lenders, which in turn enables them to extend credit to businesses that could otherwise have a difficult time obtaining financing. ReadyCap is proud to provide SBA 7(a) financing, which helps spur economic growth and entrepreneurship.

Our SBA 7(a) small business loans offer longer terms, lower down payments and more flexibility than other types of business financing, to free up cash flow as you expand or start your business.

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