SBA 7(a) Loans

Woman business garden business. Sandy Spring Bank.

Start or Grow Your Business with a Small Business Administration Loan

Small Business Administration (SBA) loans may be used for a variety of purposes, such as working capital, equipment and inventory or construction, and may feature lower down payments with longer repayment terms. As an SBA Preferred Lending Provider, we are in the top tier of approved lenders by the SBA, which means we can approve applications so you can get the funds you need faster.

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Advantages of an SBA 7(a) Loan

The SBA 7(a) loan is the most popular government-guaranteed loan program for a reason. It gives small- and medium- sized businesses access to loans they depend on for capital to start or expand their companies. These loans also feature terms that many businesses find attractive, including:

  • Low down payments
  • Fully-amortized, no balloon payments
  • Simplified application process
  • Longer repayment terms – up to 25 years
  • Loans up to $5,000,000
     

SBA 7(a) Loan Uses

  • Expansion or new construction1
  • Purchase or refinance of owner-occupied real estate2
  • Acquisition of a business or partner buyout
  • Working capital
  • Equipment
  • Inventory

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Who’s Eligible?

For-profit companies that meet the SBA size specifications and are owned by a U.S. citizen or resident. Industries we serve include:  

  • Retail
  • Restaurants
  • Manufacturing
  • Professionals, such as attorneys, dentists and doctors
  • Wholesalers

The SBA 7(a) loan may be the financial solution you’ve been looking for. Contact us today to get started.

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  • Disclosure

    SBA financing is subject to approval through the SBA 504 and SBA 7(a) programs. Loan terms, collateral and documentation requirements apply and are subject to SBA guidelines. Actual amortization, rate, loan amounts and extension of credit are subject to necessary credit approval. Sandy Spring Bank's credit standards and documentation requirements apply. SBA 504, SBA 7(a) or SBA Express financing up to 90% of purchase price. Some restrictions may apply.

    1SBA 7(a) loans are made for a minimum of $200,000 or $500,000 for ground-up construction.

    2Owner-occupied commercial real estate status will be determined in underwriting and requires occupancy by the borrower/guarantor. Please note SBA guidelines require at least 51% occupancy to be considered owner-occupied. Real estate financing options are subject to approval and product availability is subject to change.