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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.

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Tenant Improvement

Is your business location in need of some construction renovations? The 7a is a great resource.

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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.

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The 7a loan is great buying new or used equipment for your business.

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The 7a can also be used to refinance high-interest debt like a maxed out credit card.

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Business Acquisition

Purchase an existing business or complete a partner buyout with an SBA 7a loan.

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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



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.



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. 



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

SBA 7a Backed Loans

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We are happy to help!

Let us know how we can help you with your business loan needs or if you just have a general inquiry.