SBA 7(a) Loan Program

Ready to start or improve your business? The SBA 7(a) loan program is the most popular of all SBA loan programs because it provides small businesses 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
Low interest rates
Longer repayment terms than conventional business loans
Flexible payment schedule
Fixed and variable financing options
Streamlined processes
Advanced technology
Personalized service
Faster decision times
Quicker access to your funds

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Why BayFirst?

Your business is our business. And 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 SBA Preferred Lender status, and the personal attention and guidance our experts provide at every turn.

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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
Complete an acquisition
Refinance existing debt
Hire employees
Support marketing costs

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.
Get Approved

In as little as 10 days, we will let you know if you qualify and for how much.
Get to Work

Start using your funds to grow your business.

SBA 7(a) Loan FAQ

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. An SBA 7(a) loan, on the other hand can be used for short-term or long-term working capital and to purchase an existing business, refinance business debt, or purchase furniture, inventory and supplies.

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SBA 7(a) Loan Program

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

SBA 7(a) Loan Features:

Why BayFirst?

SBA 7(a) Loan Uses:

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

SBA 7(a) Loan FAQ

Am I Eligible for an SBA 7a 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?

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: