Home Investment Why the SBA 7a Business Loan is Right for Your Business

Why the SBA 7a Business Loan is Right for Your Business

Loan Application Approved Showing Credit Agreement

The Small Business Administration (SBA) offers loans for small businesses. One of the loans offered is the SBA 7a business loan. It is the most common loan. However, it does have some specific requirements.

The SBA 7a business loan may be the right fit for your business if your business meets some general requirements. Your business must be for-profit and meet the SBA’s definition of a small business. They define a small business according to size standards. Their standards are explained on their website. Your business must be doing business, or going to do business, in the United States. Your business must have reasonably invested equity. You must have used or be using other financial resources before applying for this loan. That can mean using your own assets and money to keep your business afloat. You must be able to prove to the SBA that you really do need the loan and that you will use the loan for sound business reasons. You can’t owe the government any money.

Fishing vessels, franchises, and privately owned medical facilities may be eligible for this loan as well. Legal aliens are also able to apply as long as their businesses meet the other qualifications.


SBA 7a Loan Use

Your business must be able to demonstrate a sound need for this loan. You must be able to show how this loan will finance your business. This loan is right for your business if you need it as long or short term working capital, need to purchase equipment or real estate, need to expand, or if you need to refinance your business debt. However, if you use the loan to refinance business debt, it cannot put the SBA in a position to lose money. The SBA will be the final determining factor of whether or not your plan includes sound business use of proceeds.


SBA 7a Checklist

It’s important that you have certain records available during the application process. This is a good loan choice for businesses that keep good records. The SBA keeps a checklist on their website for those who wish to apply for this loan.

This loan is the right fit for most businesses. Since it is a loan, it does require that you pay it back. Make sure that you will be in a financial position to do so. You can read more about the SBA 7a requirements on their website and learn about other business loans, too.


  1. I seriously love your blog.. Pleasant colors & theme.
    Did you build this site yourself? Please reply back as I’m attempting to create my own personal website and want to know where you got this from or what the theme is
    called. Cheers!

  2. PA systems

    Buy now the best wireless pa system for schools that are this week available and in stock and reasonably priced this week only!

  3. Your style is unique compared to other folks I have read stuff from.

    I appreciate you for posting when you’ve got the opportunity, Guess I’ll just book mark this blog.

  4. Whats up are using WordPress for your site platform?

    I’m new to the blog world but I’m trying to get started and create my own. Do you need any html coding
    expertise to make your own blog? Any help would be really appreciated!

  5. OFERTA DE ÎMprumut: Sunt Dominic Aș dori să informez publicul larg, oamenii de afaceri și femeile că acordăm împrumuturi antreprenorilor și persoanelor fizice în scopuri de afaceri și personale, cu dobândă scăzută. Contactați-ne astăzi. Agenție de plată Porte Loan International SUA contact: [email protected]

  6. click Here

    Find the top quality deals for battery operated quartz clock movements currently available for you and ready to s and plus at a great value for today only!

  7. I’m not that much of a internet reader to be honest
    but your sites really nice, keep it up! I’ll go ahead and bookmark your website to come back later on. Many thanks

  8. Good day! Do you know if they make any plugins to protect against hackers?

    I’m kinda paranoid about losing everything I’ve worked
    hard on. Any suggestions?

  9. Link exchange is nothing else however it is only placing the other person’s web
    site link on your page at proper place and other person will also
    do same in support of you.

  10. My partner and I stumbled over here different web address and thought I may as well
    check things out. I like what I see so i am just following
    you. Look forward to looking over your web page for a second

  11. You ought to take part in a contest for one of the greatest websites on the net.
    I most certainly will highly recommend this web site!

  12. It is perfect time to make a few plans for the longer term and it is time to be happy.
    I’ve learn this post and if I may just I desire to recommend
    you few fascinating issues or advice. Maybe you could write
    subsequent articles regarding this article. I wish to learn more things
    about it!

  13. Hello! I could have sworn I’ve been to this web site before but after going through some of the articles I realized it’s new to me.

    Anyhow, I’m certainly happy I stumbled upon it and I’ll be book-marking it and checking back regularly!

  14. I know this if off topic but I’m looking
    into starting my own weblog and was wondering what
    all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny?

    I’m not very internet savvy so I’m not 100% certain. Any suggestions or
    advice would be greatly appreciated. Appreciate it

  15. I think this is among the most important information for me.

    And i’m glad reading your article. But should remark on some general
    things, The website style is wonderful, the articles is really nice : D.

    Good job, cheers

  16. Hey! This is my first comment here so I just wanted to give a quick shout out and say I truly enjoy reading your articles.
    Can you suggest any other blogs/websites/forums that cover
    the same topics? Thank you so much!

  17. Howdy would you mind letting me know which webhost you’re utilizing?

    I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads
    a lot quicker then most. Can you recommend a good internet hosting provider at a fair price?
    Thanks, I appreciate it!

  18. I’m extremely inspired with your writing abilities as well as with the layout to your weblog.
    Is that this a paid subject matter or did you modify it your self?
    Anyway stay up the nice quality writing, it’s rare to
    look a great weblog like this one these days..

  19. I was pretty pleased to uncover this web site. I wanted to
    thank you for ones time just for this fantastic read!!
    I definitely liked every bit of it and I have you saved as
    a favorite to look at new things in your site.

  20. I have been browsing online more than 2 hours today, yet I never found any
    interesting article like yours. It’s pretty worth enough for me.
    Personally, if all webmasters and bloggers made good content as you did, the net will be a lot more useful than ever before.

  21. you’re in reality a just right webmaster. The website loading
    speed is amazing. It seems that you are doing any unique trick.
    Also, The contents are masterwork. you’ve performed a fantastic job on this matter!

  22. Because the admin of this web site is working, no uncertainty very quickly it will
    be famous, due to its feature contents.

  23. Aw, this was an exceptionally nice post. Taking a few minutes and actual effort to make
    a very good article… but what can I say…
    I put things off a lot and don’t seem to get nearly anything done.

  24. metal hands

    Find amazing deals for replacement quartz clock movements that are available for you and for fast deliver and plus at a great value for today only!

  25. Hello, Neat post. There’s a problem along with your website in internet
    explorer, may check this? IE still is the market chief and
    a big component of other people will miss your great writing due
    to this problem.

  26. metal hands

    Get amazing deals for battery operated quartz clock movements that’s available for you and ready to s and plus at a reasonabe value for today only!

  27. Hello! I know this is kinda off topic but I was wondering if you
    knew where I could locate a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m having difficulty finding
    one? Thanks a lot!

  28. Greetings! Very useful advice in this particular post!
    It’s the little changes that produce the most important changes.
    Thanks a lot for sharing!

  29. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment
    is added I get three e-mails with the same comment. Is there
    any way you can remove me from that service? Thanks!

  30. You really make it appear really easy together with your presentation however I
    in finding this matter to be actually one thing which I feel I might by no
    means understand. It sort of feels too complicated and
    extremely large for me. I am having a look forward to
    your next post, I will try to get the dangle of it!

  31. Hey! I just wanted to ask if you ever have any issues with hackers?
    My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no data
    backup. Do you have any methods to prevent hackers?

  32. Thank you, I’ve just been looking for info about this topic
    for a long time and yours is the best I have came upon so far.
    However, what in regards to the bottom line? Are you sure about the source?

  33. Oh my goodness! Awesome article dude! Thanks, However I am having problems with your RSS.
    I don’t understand the reason why I am unable to join it.
    Is there anybody else getting identical RSS issues?

    Anyone who knows the answer can you kindly respond?

  34. I’ve read several just right stuff here. Certainly worth bookmarking
    for revisiting. I wonder how so much attempt you put to create such
    a excellent informative website.

  35. Thank you for some other informative web site. Where else may just I get that type of information written in such an ideal way?
    I have a mission that I’m simply now working on, and I have been on the glance out for such

  36. Every weekend i used to pay a quick visit this web site, for the reason that i want enjoyment, as this this site
    conations in fact pleasant funny information too.

  37. My developer is trying to persuade me to move to .net from PHP.
    I have always disliked the idea because of the costs.
    But he’s tryiong none the less. I’ve been using WordPress
    on a variety of websites for about a year and am worried about
    switching to another platform. I have heard fantastic things about blogengine.net.
    Is there a way I can import all my wordpress content into it?
    Any kind of help would be really appreciated!

  38. With havin so much written content do you ever run into any problems of plagorism
    or copyright violation? My site has a lot of unique content I’ve either written myself or outsourced but it looks like a lot of it
    is popping it up all over the web without my permission. Do you know any techniques to help protect against content from being stolen? I’d certainly appreciate

  39. A fascinating discussion is definitely worth comment.
    There’s no doubt that that you ought to publish more
    on this subject matter, it may not be a taboo subject but generally people don’t talk about
    such issues. To the next! All the best!!

  40. fantastic publish, very informative. I ponder why the opposite specialists of
    this sector don’t realize this. You should continue your writing.
    I am sure, you’ve a great readers’ base already!

  41. Everyone loves what you guys are up too. This type of clever work and reporting!
    Keep up the wonderful works guys I’ve incorporated you guys
    to my personal blogroll.

  42. Somebody essentially lend a hand to make critically posts I would
    state. That is the very first time I frequented your website page and
    up to now? I surprised with the analysis you made to create this
    actual submit amazing. Fantastic task!

  43. Just want to say your article is as surprising.

    The clarity in your post is just spectacular and i could assume you are an expert on this subject.
    Well with your permission allow me to grab your RSS feed to keep updated with forthcoming post.
    Thanks a million and please continue the rewarding work.

  44. I really like your blog.. very nice colors & theme. Did
    you make this website yourself or did you hire someone to do it for you?
    Plz respond as I’m looking to design my own blog and would
    like to know where u got this from. thanks a lot

  45. It is perfect time to make some plans for the future and it is time
    to be happy. I have read this post and if I may I desire to
    recommend you some attention-grabbing things or tips. Perhaps you can write
    subsequent articles regarding this article.
    I wish to learn even more issues approximately it!

  46. Hmm is anyone else experiencing problems
    with the images on this blog loading? I’m trying to figure out if its a problem on my end or if
    it’s the blog. Any feed-back would be greatly appreciated.

  47. Fascinating blog! Is your theme custom made or did you download it from somewhere?
    A theme like yours with a few simple tweeks would really make
    my blog stand out. Please let me know where you got your design. Thanks a lot

  48. Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed.

    There was a hermit crab inside and it pinched her ear.
    She never wants to go back! LoL I know this is completely
    off topic but I had to tell someone!

  49. Right here is the right webpage for anybody who wishes to find out about this topic.
    You know so much its almost tough to argue with you (not that I personally would want to…HaHa).
    You definitely put a brand new spin on a subject that’s been discussed for
    ages. Great stuff, just great!

  50. My spouse and I stumbled over here by a different web address and thought I might check things out.

    I like what I see so i am just following you.
    Look forward to looking over your web page repeatedly.

  51. Hi my family member! I want to say that this article
    is awesome, nice written and come with approximately all significant
    infos. I’d like to look extra posts like this .


Please enter your comment!
Please enter your name here