SBA 7a
Explore 7a Loan Solutions
Working Capital
The 7a loan is great all your working capital needs such as wages, marketing, utilities, rent and more.
Tenant Improvement
Is your business location in need of some construction renovations? The 7a is a great resource.
Community Advantage Program
Designed to provide financing to small businesses in underserved markets, such as startups, veteran-owned companies and businesses in low-income communities.
Equipment
The 7a loan is great buying new or used equipment for your business.
Refinance
The 7a can also be used to refinance high-interest debt like a maxed out credit card.
Business Acquisition
Purchase an existing business or complete a partner buyout with an SBA 7a loan.
Great for starting, great for expanding.
A 7(a) small business loan can provide a small business with access to capital, lower interest rates, longer repayment terms, flexible use of funds, and an SBA guarantee to qualify for loans that they may not otherwise secure. Overall, a 7(a) loan can be a valuable resource for small businesses looking to grow, upgrade, or stay afloat.
This is how it works
01
Pre-Qualification
We will start working on your preliminary loan approval of receipt of your loan application, 3 years business financial statements or tax returns, a schedule of business debt, and authorization to obtain credit reports. Once your loan is pre-qualified, we will issue you a LOI term sheet.
02
Underwriting
Once the signed LOI Term Sheet is returned to ACS, we will start in on the final underwriting needs list. This will be detailed and in depth documentation (such as renovation quotes) that will be sent to SBA.
03
Funding
After underwriting is complete, ACS will send the file to SBA for final approval. Once SBA has approved, there will be a closing needs list of the final documents needed (such as insurance and a signed lease). Then we close and fund the loan.
Key differences in 7a vs 504 loans
- SBA 7(a) is able to fund working capital, inventory, renovations on leased locations, equipment and more. The SBA 504 is for building or large equipment purchases only
- SBA 7(a) is usually a variable interest rate loan, and usually higher than the SBA 504
- The SBA 504’s typically require collateral equal to the loan amount. The SBA 7(a) can be under collateralized
- The maximum loan term for 7(a) loans is 25 years for real estate and 10 years for working capital, while 504 loans have a 10 or 20 or 25 year loan term.
- The SBA 7(a) loan does not have a pre-payment penalty on loans under 15 year terms. The SBA 504 has a 5 or 10 year pre-payment penalty.
Have questions about the 7a and what it can or can’t be used for? Our payment calculator will give you rough estimates. The best way to find out if the 7a is the right tool is to talk to one of our experienced loan officers.
Client Testimonials
The staff at Arizona Capital were not just knowledgeable but friendly as well. Even months after the loan has closed, they are still quick to answer any questions. I have recommended them to other businesses I talk to.
Paul Canikin, owner of Canikin Distribution
Arizona Capital was helpful, there for all our needs and questions throughout the process. Ashley was great! Thank you!
Don Mohr, Owner of Mohr H20
We’ve used Arizona Capital Source more than once and couldn’t be happier with the results. The team was always available and were great partners in the process. Using the 504 significantly reduced the cash requirement that we were able to redirect to the business and on both projects the bank was able to provide better terms than we were offered without the 504. It’s a great program and ACS got it done efficiently and effectively. We look forward to working with them in the future.
David Crum, Scottsdale Aiden
504 Refinance with Major Improvements
Our traditional lender pulled out right before our building loan we set to close. Arizona Capital Source came in and saved us. We weren’t technically a fit for an SBA loan, but they came up with creative solutions and were able to make it happen. They kept us in the loop the whole time and it worked out perfectly. We’re now saving hundreds a month on interest.
Melanie Morgan, co-owner of Gearshifters
AZ Capital Source has been a strong partner in not only helping businesses in S. AZ grow, but offering attractive and well structured loans to the bank. We appreciate their knowledge of the SBA 504 and 7a, and their responsiveness. Their services have helped the bank earn satisfied and repeat customers.
Sean Murray, SVP, Commercial Lender at Commerce Bank of AZ
We had challenges when we applied for our first loan but they were willing to take the risk and work with us. The staff and board were responsive and made the process easy.
International School of Tucson
We cannot thank Lori and everyone at Arizona Capital Source enough for helping us take the next step in the growth of our business. Investing in our first commercial building is something we know will catapult our community-driven mission to the next level. The knowledge, collaboration and thoroughness Lori provided were instrumental in making this a reality. We wouldn’t have closed if it wasn’t for Lori looking after us and setting us up with a Plan B lender. After nine months of being in escrow, it would have been devastating if things hadn’t worked out. Lori is a Godsend!
Now, we can’t wait for the Scented Leaf on Tanque Verde to become a favorite drink house and gathering space for Tucson’s East Side.
Adrienne and Shane Barela, The Scented Leaf
Being a start-up business, we knew that one of the first things we would need is an SBA loan. Once we secured our loan with Arizona Capital Source, we were able to finalize other details and open for business shortly afterwards.
Emily & Lindsey, Owners of GenuWine
SBA 7a Start-Up Loan
Arizona Capital Source supported my growth plan of opening a 3rd location by providing me the necessary startup capital to take my business to the next level. We saw a 35% increase in total sales from the first year of business and continue to see month over month increases. This increase not only allows a steady cash flow during the non-peak months, but I have been able to hire and retain a staff of 8 year round team members. WIN, WIN for everyone!
Kim Gilbert, Owner of The Honey Baked Ham Company
SBA 7(a) Loan Finances Franchise Restaurant Expansion
The staff at Arizona Capital were not just knowledgeable but friendly as well. Even months after the loan has closed, they are still quick to answer any questions. I have recommended them to other businesses I talk to.
Paul Canikin, owner of Canikin Distribution
Arizona Capital was helpful, there for all our needs and questions throughout the process. Ashley was great! Thank you!
Don Mohr, Owner of Mohr H20
We’ve used Arizona Capital Source more than once and couldn’t be happier with the results. The team was always available and were great partners in the process. Using the 504 significantly reduced the cash requirement that we were able to redirect to the business and on both projects the bank was able to provide better terms than we were offered without the 504. It’s a great program and ACS got it done efficiently and effectively. We look forward to working with them in the future.
David Crum, Scottsdale Aiden
504 Refinance with Major Improvements
Our traditional lender pulled out right before our building loan we set to close. Arizona Capital Source came in and saved us. We weren’t technically a fit for an SBA loan, but they came up with creative solutions and were able to make it happen. They kept us in the loop the whole time and it worked out perfectly. We’re now saving hundreds a month on interest.
Melanie Morgan, co-owner of Gearshifters
AZ Capital Source has been a strong partner in not only helping businesses in S. AZ grow, but offering attractive and well structured loans to the bank. We appreciate their knowledge of the SBA 504 and 7a, and their responsiveness. Their services have helped the bank earn satisfied and repeat customers.
Sean Murray, SVP, Commercial Lender at Commerce Bank of AZ
We had challenges when we applied for our first loan but they were willing to take the risk and work with us. The staff and board were responsive and made the process easy.
International School of Tucson
We cannot thank Lori and everyone at Arizona Capital Source enough for helping us take the next step in the growth of our business. Investing in our first commercial building is something we know will catapult our community-driven mission to the next level. The knowledge, collaboration and thoroughness Lori provided were instrumental in making this a reality. We wouldn’t have closed if it wasn’t for Lori looking after us and setting us up with a Plan B lender. After nine months of being in escrow, it would have been devastating if things hadn’t worked out. Lori is a Godsend!
Now, we can’t wait for the Scented Leaf on Tanque Verde to become a favorite drink house and gathering space for Tucson’s East Side.
Adrienne and Shane Barela, The Scented Leaf
Being a start-up business, we knew that one of the first things we would need is an SBA loan. Once we secured our loan with Arizona Capital Source, we were able to finalize other details and open for business shortly afterwards.
Emily & Lindsey, Owners of GenuWine
SBA 7a Start-Up Loan
Arizona Capital Source supported my growth plan of opening a 3rd location by providing me the necessary startup capital to take my business to the next level. We saw a 35% increase in total sales from the first year of business and continue to see month over month increases. This increase not only allows a steady cash flow during the non-peak months, but I have been able to hire and retain a staff of 8 year round team members. WIN, WIN for everyone!
Kim Gilbert, Owner of The Honey Baked Ham Company
SBA 7(a) Loan Finances Franchise Restaurant Expansion