SBA 7a Loan Program
SBA 7a loans can be a game-changer for small businesses in need of financial assistance. With loan amounts up to $5,000,000, reasonable interest rates, and generous repayment terms, it’s no wonder why the 7a loan is the Small Business Administration’s most popular loan program.
It is important to know an SBA 7a loan is not a loan directly from the Small Business Administration. The SBA simply provides loan guaranties to lenders which in turn allows them to provide financial help that small businesses need to grow and expand the economy. 7a loans can be used for:
- Acquiring, refinancing, or improving real estate and buildings
- New construction
- Refinancing current business debt
- Purchasing and installation of machinery and equipment
- Purchasing furniture, fixtures, and supplies
- Changes of ownership (complete or partial)
How it works
Coast Commercial Credit provides Small Business Administration (SBA) loans with a range of $300,000 to $5,000,000, offering adaptable lending options and terms tailored to suit your business requirements. All loans are fully amortized, free from balloon payments, and do not carry pre-payment penalties for loans lasting less than 15 years.
New Construction
Real Estate Acquisition, Refinance with terms up to 25 years
Business Acquisition or Expansion
with terms up to 10 years
Equipment Financing
with terms up to 10 years