Small Business Loans
SBA 7(a)
At Abstract Capital Group, we specialize in the 7(a) Loan Program, designed to aid small businesses through financial support. This flagship program offers guaranteed loans to small businesses, meeting specific requirements and aiding in various business-related expenses.
Fast Application
Complete our QUICK 10-second online form and get matched with an offer the same day and GET PAID!
Specialist at No Cost
You'll be connected with your very own dedicated Business Financing Advisor, completely free of charge!
Larger Payouts
Discover financing options that provide the highest funding amounts to best suit your financial needs.
Same Day Funding
The SPEED in our Fintech process allows underwriting completion in just a few hours AND same-day funding!
Fast 10-Second
Business Loan Application
Once you complete our brief and straightforward application, Abstract Capital Group will connect you with a professional Business Financing Advisor. This expert is committed to understanding your unique business requirements and will guide you in choosing the most appropriate and beneficial financing options.
Our personalized approach ensures that the solutions we offer are precisely aligned with your business’s objectives and financial needs, providing you with optimal support for your business growth.
Reasons to Choose Abstract for SBA 7(a) Loans
What We Offer
Our 7(a) loans cater to diverse business needs including:
- Real estate acquisition, refinancing, or improvements
- Both short-term and long-term working capital
- Refinancing existing business debt
- Machinery and equipment purchases and installation
- Investment in furniture, fixtures, and supplies
- Supporting partial or complete ownership transitions
- Offering versatile loans for a combination of these needs
Loan Details
Maximum Loan Amount: $5 million
Eligibility: Based on business income source, credit history, and operational location. Our team will guide you to the most suitable loan option for your business.
Eligibility Criteria
To qualify for our 7(a) loan services, businesses must:
- Be actively operating and profit-oriented
- Be situated within the United States
- Comply with SBA Size Standards
- Not fall under ineligible business categories
- Seek credit unavailable on reasonable terms elsewhere
- Demonstrate creditworthiness and repayment capability
Application Process
We connect you with SBA-approved lenders through our streamlined process. The application requirements vary based on loan size and lender specifications. Our experts assist you in preparing all necessary documentation.
Repayment of 7(a) Loans
- Repayment terms are variable, depending on multiple factors.
- Regular monthly payments from business cash flow.
- Fixed-rate loans have constant payments; variable-rate loans may have fluctuating payments.
Assistance and Support
While we don't directly issue 7(a) loans, Abstract Capital Group is committed to guiding you through the entire process. Our team is here to assist with any inquiries and help streamline your loan application and management.
Frequently Asked Questions
An SBA 7(a) loan is a government-backed loan provided by the Small Business Administration (SBA) to help small businesses access capital. These loans are issued by approved lenders but are partially guaranteed by the SBA, reducing the risk for lenders and making it easier for businesses to get funding. The funds can be used for various purposes like working capital, equipment purchase, debt refinancing, or real estate acquisition.
To learn more about our SBA 7(a) Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
The maximum amount you can borrow with a 7(a) loan is $5 million. However, the actual amount a business qualifies for depends on its financial needs, creditworthiness, and the lender’s assessment of the loan application.
To learn more about our SBA 7(a) Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
To be eligible, businesses must operate for profit, be located in the U.S., meet SBA size standards, not be delinquent on any existing debts to the U.S. government, and demonstrate a need for the loan and the ability to repay it. The business should not be able to obtain financing through other means.
To learn more about our SBA 7(a) Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
Repayment terms for a 7(a) loan vary based on loan purpose, amount, and the borrower’s ability to pay. Terms can extend up to 25 years for real estate and up to 10 years for working capital or equipment loans. Interest rates may be fixed or variable and are based on the prime rate, the size of the loan, and the loan maturity.
To learn more about our SBA 7(a) Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
To apply for a 7(a) loan, you need to find an SBA-approved lender, which can be done using the SBA’s Lender Match tool. The application process involves submitting detailed business financials, a business plan, and personal financial information. Each lender may have additional requirements or documentation.
To learn more about our SBA 7(a) Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.