Small Business Loans – 7A

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.

Business Operating Loans

We offer Small Business Administration (SBA) loans designed to finance both the day-to-day operations and future expansion plans of a company, including:

  • Business acquisition and expansion
  • Machinery and equipment purchase
  • Partner and/or shareholder buy-out
  • Refinance existing business debt
  • Franchise acquisition
  • Working capital
  • Startup professional services business

Commercial Real Estate Loans

Business owners should contemplate utilizing Small Business Administration (SBA) loans for a range of additional purposes, encompassing a variety of business needs and growth strategies. These loans are not limited to immediate operational costs but extend to broader aspects of business development and expansion, including:

  • Owner Occupied/Utilized >51%*
  • Purchase fixed assets (land, buildings, equipment)
  • Refinance existing mortgage secured debt
  • Ground-up construction and renovation
  • Leasehold acquisition and improvements
Loans up to $5,000,000
Low borrower equity required
Wide use of loan proceeds
Limited /
No prepayment penalties
Closing costs may be financed
Loan terms up to 25 years

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.

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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.

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 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.

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 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.

SBA Bolt Pre-Qualification

If you operate under a business name that differs from the legal business name, enter the name here.
Check the box if your business is a franchise
Does your business operate out of your home?
Does your business operate out of your home?
Must be 9 digits.
MM slash DD slash YYYY
Business Street Address 1
Enter dollar amount

The Bolt loan provides working capital proceeds. The SBA requires lenders to identify how the working capital will be utilized by the business:

Use of Proceeds (Provide dollar amount where applicable): Combined total must not exceed requested loan amount

The BOLT loan proceeds are for working capital needs only. Working capital does not include equipment purchases or debt refinancing. Proceeds for these expenses would require an SBA loan outside of the BOLT loan parameters and therefore may require additional documentation and processing time.

Tell Us About the Business Ownership:

(If more than one owner, please make sure to complete the additional owners section)
Primary Business Owner's Name(Required)

Contact information for this owner/principal:

Primary Owner Home Street Address(Required)
MM slash DD slash YYYY

Additional Information

Complete the below for any additional owners/principals that own 20% or more of the business:

Upload Documents:

Upload a color copy of the owner's driver's license
Max. file size: 128 MB.
Upload the most recent filed business federal tax return
Max. file size: 128 MB.
Upload the 2nd most recent filed business federal tax return
Max. file size: 128 MB.
Upload the most recent filed personal tax return
Max. file size: 128 MB.