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7(a) Loan Details

Maximum Loan Amount $2,000,000 ($1.5 million guaranty)
Maximum SBA Guaranty %

90%, except on loans in excel of $1,666,666. Since SBA’s exposure is capped at $1.5 million, the guaranty will gradually decline to 75% at the $2 million level

Interest Rate

Loans less than 7 years – prime plus 2.25%. Loans 7+ years – prime plus 2.75%, plus a maximum additional rate of 1% if the loan is less than $50,000 and 2% if less than $25,000

Eligibility Decision

For profit businesses that qualify as “small” under SBA size standards and cannot borrow on reasonable terms from commercial lenders without government help.

Revolving Lines of Credit

5 to 7 years for working capital; 25 years max for real estate. Maximum – useful life for machinery and equipment, 10 for all other loan purposes

Forms Lender uses mostly own forms and procedures
Credit Decision By lender





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