SBA 7(a) Loans

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Ready to expand or improve your business? The SBA 7(a) Loan Program is the most popular small business loan because it provides funding up to $5 million, which can be used for a wide range of business projects and purchases.

SBA 7(a) Loan Features:

Loans up to $5 million
Variable interest rates
Longer repayment terms than traditional business loans
Fast access to your funds
Advanced technology
Personalized service

Get Started

BOLT SBA Loan: Our Fastest Funded Loan

Our quickest and most popular small business loan option provides up to $150,000 for working capital within days instead of weeks*, and without all the paperwork. With lower interest rates and longer repayment terms than alternative online lending products – plus the support of an in-house team of experts – BOLT loans are ideal for those with good personal and business credit scores and can be prequalified in hours.

Prequalify With:

Two years in business
700+ credit score

Use For:

Working capital

Get Started on your BOLT Loan Today

Small Balance Core SBA Loan: Expedited Funding, More Uses

This loan provides solutions for a wider range of small business lending needs and promises fast funding. With flexible requirements, low interest rates, and the support of our dedicated team, a Small Balance Core SBA loan can save you time and money when compared to other online lender alternatives.

Prequalify With:

Two years in business
675+ credit score

Use For:

Working capital
Business acquisitions
Debt refinance
Inventory purchase
Equipment purchase

Get Started on your Small Balance Core Loan Today

Core SBA Loan: Streamlined Process and Expert Guidance

Get capital for almost all your small business needs – up to the $5 million SBA loan maximum. Though they can take longer to process than other SBA loans, Core SBA loans deliver the funding you need to meet your biggest business goals and come with better terms than online lenders and the support of an expert, in-house team.

Prequalify With:

0+ years in business
650+ credit score

Use For:

Business acquisitions
Purchase of owner-occupied commercial real estate
Debt refinance
Working capital

Get Started On Your Core SBA Loan Today

SBA 7(a) Loan Uses:

With your SBA 7(a) loan you can fund almost all your small business needs:

Increase cash flow
Purchase furniture, fixtures and supplies
Buy equipment, machinery or materials
Purchase real estate
Fund the construction or renovation of a building
Buy a business
Refinance existing debt
Hire employees
Support marketing costs

The CreditBench Connection

As one of the nation’s top lenders for Small Business Administration loans, BayFirst’s small business lending division, CreditBench, offers a wide range of lending options for business owners in Tampa Bay and across the nation, and delivers fast and reliable funding to help you stay on track to reach your goals.

What's Next? Get Started

Our streamlined processes and advanced technology make applying for your SBA 7(a) loan easy. Check out the SBA’s 7(a) Loan Checklist, collect all the documents you’ll need, then:

Apply

Contact us to get started.
Contact Us
Get Approved

Find out how much you qualify for in days, not weeks.
Get to Work

Start using your funds to grow your business.

Why BayFirst?

When you borrow or refinance using an SBA 7(a) loan from BayFirst you get the powerful backing of one of the nation’s top SBA lending divisions, fast access to your funds thanks to our Small Business Preferred Lender Program status, and the personal attention and guidance our experts provide at every turn.

Learn More

FAQS

Eligibility depends on many factors including current and past business financials, your credit score, expected use of the loan and more. The best way to find out if you are eligible is to talk to an expert at BayFirst.

As with any loan, the stronger your credit, the greater your chance of qualifying. But there are other factors as well, so be sure to talk to an expert and review your current situation.

The SBA delegates certain lenders the authority to approve SBA loans on their own. Preferred lenders operate under the same 7(a) guaranteed loan guidelines as the SBA and can obtain a loan guarantee faster than lenders that are do not have Preferred Lender status – usually within 24 hours of their request.

SBA 7(a) loans are our the most flexible loan types, meaning you can use them for a variety of business expenses including remodeling, cash flow, merchandise and more.

Many types of franchises can be purchased with an SBA loan since they are privately owned. But be sure to talk to a lending expert to determine if your franchise would be eligible.

An SBA 504 loan can be used for only long-term projects such as buying a building, financing a new construction, or purchasing heavy machinery and equipment. While an SBA 7(a) loan can also be used to purchase a building, it has a much wider array of use of proceeds, including short-term or long-term working capital, buying a business, refinancing business debt, or purchasing furniture, inventory and supplies.

*Funding time may vary.

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SBA 7(a) Loans

Ready to expand or improve your business? The SBA 7(a) Loan Program is the most popular small business loan because it provides funding up to $5 million, which can be used for a wide range of business projects and purchases.

SBA 7(a) Loan Features:

SBA LOANS UP TO $150,000

BOLT SBA Loan: Our Fastest Funded Loan

Use For:

SBA LOANS UP TO $500,000

Small Balance Core SBA Loan: Expedited Funding, More Uses

Use For:

SBA LOANS UP TO $5 Million

Core SBA Loan: Streamlined Process and Expert Guidance

Use For:

SBA 7(a) Loan Uses:

The CreditBench Connection

What's Next? Get Started

Our streamlined processes and advanced technology make applying for your SBA 7(a) loan easy. Check out the SBA’s 7(a) Loan Checklist, collect all the documents you’ll need, then:

Apply

Get Approved

Get to Work

Why BayFirst?

FAQS

Am I Eligible for an SBA 7(a) Loan?

Can I qualify for an SBA 7(a) loan if I have bad credit?

What is an SBA Preferred Lender?

What can I use an SBA 7(a) loan for?

Can I use an SBA 7(a) loan to buy a franchise?

What is the difference between SBA 504 and SBA 7(a) loans?