You probably noticed that the SBA isn’t part of the adjacent pie chart. While 7a loans are under the SBA umbrella, the SBA isn’t involved in funding. Instead, they partially guarantee the loan (usually up to 85%) and an SBA-approved lender (like us) handles the financing. This guarantee lowers our risk and enables us to offer 7a loans with high leverage and competitive interest rates.
7a loans typically come with floating interest rates that fluctuate quarterly based on prime rate. Our rates start at prime +1.0%, which is fixed for five years. 7a interest rates are subject to SBA maximums, so even if your rate is floating, there’s a cap in place that keeps this loan affordable for small businesses.
Our 7a loans provide a 10-year term and 25-year amortization for commercial real estate. This long repayment cycle keeps your monthly payments to a minimum.
Because 7a loans require very little down, they’re full recourse – you’ll need to put down a personal guarantee and may be required to put down personal assets to meet SBA collateral guidelines.
Complete your entire application online through our secure portal.
Register for our secure online portal.
Fill out and submit an online application (takes less than 30 minutes).
Review our SBA 7a document checklist.
Get connected with a loan officer and get your quote.