Are SBA 7(a) Loans Available for Franchises?

If you have a franchise, you can get funding for it with an SBA 7(a) loan. Roughly 10% of all SBA loans go to franchises.

SBA 7(a) Loans vs. ROBS Financing: Using Retirement Funds for Business

Compare SBA 7(a) loans and ROBS financing to determine the best way to fund your business using retirement funds or government-backed loans.

SBA 7(a) Loans vs. Equipment Financing: Get Equipment the Smart Way

Explore the benefits and considerations of SBA 7(a) loans versus equipment financing to determine the best option for funding your business's equipment needs.

How Industry Experience Helps Small Business Buyers

Discover how your industry background can boost your chances of securing an SBA loan for a small business acquisition.

SBA 7(a) Loans vs. Angel Investors: Attracting Investors vs. Securing Loans

While there are some obvious differences — particularly around how much easier it is to get SBA financing — it's worth exploring how these two types of capital differ for your small business.

SBA 7(a) Loans vs. Business Credit Cards: Maximizing Financial Flexibility for Your Business

Explore the differences between SBA 7(a) loans and business credit cards to find the best financial solution for maximizing your business's flexibility and growth.

SBA 7(a) Loans vs. P2P Lending: the Pros and Cons of Peer Lending

Discover whether an SBA 7(a) loan or P2P lending is the best fit for your business, with real-world examples and a clear comparison of benefits and drawbacks.

SBA 7(a) Loans vs. Crowdfunding Platforms: Understanding Crowdsourced Financing

Explore the distinct benefits and considerations of SBA 7(a) loans and crowdfunding platforms to determine the best financing option for your small business.

SBA 7(a) Loans for Trucking and Transport Companies

SBA 7(a) loans can be an excellent way for trucking companies to source working capital, expand operations, or buy another business. Find out more.

SBA 7(a) Loans vs. Venture Capital: Evaluating Funding for Startups

Explore the nuances of SBA 7(a) loans and venture capital to make an informed decision that aligns with your startup's financial needs and growth strategy.

SBA 7(a) Loans vs. Personal Loans: Determine What's Right for Your Business

Explore the differences between SBA 7(a) loans and personal business loans to determine the best option for your small business with in-depth guidance.

SBA 7(a) Loans vs. Invoice Financing: Finding the Right Cash Flow Solution

Explore the differences between invoice financing and SBA 7(a) loans to determine the best cash flow solution for your business.

Merchant Cash Advances vs. SBA 7(a) Loans: Navigating Your Financing Choices

Compare merchant cash advances and SBA 7(a) loans to determine the best financing option for your business needs.

SBA 7(a) Case Study: Breathing Life Back Into a Landmark

Discover the unique journey of the Doctor Sax House's revival, showcasing Janover's innovative financing solutions and the power of thinking outside the traditional lending box.

Understanding the SBA 7(a) Loan Fees: Both for Borrowers and Lenders

The ‘Hidden’ Costs of SBA 7(a) Loans

It’s essential you know exactly what you need to pay for one of the strongest small business financing options out there.

Using Social Media to Elevate Your Business

For many small businesses, social media platforms offer a great way to grow and build brand awareness. Knowing how to use it is the key.

How to Write a Business Plan for an SBA 7(a) Loan

Learn to write a strong, coherent business plan. It is essential to getting approved for an SBA 7(a) loan.

Why 2023 Is the Right Time to Buy a Business

There are more opportunities to buy businesses today than ever before, and an SBA loan could help you achieve your goal with no money down.

How Major Financial Changes Can Impact Your SBA Loan Application

Explore the importance of financial stability during the SBA loan process, complete with actionable insights and a real-world case study.

20 Industries With the Best SBA 7(a) Track Records

We’ve analyzed data from the Small Business Administration to showcase which industries have the lowest levels of defaults and charge offs for SBA 7(a) loans.

Construction Project Documentation for SBA Loans: Your Comprehensive Guide

Using an SBA 7(a) loan for construction requires a lot of documentation. Use our comprehensive guide to understand exactly what to have on hand.

Complete Guide to Entity and Guarantor Documentation for SBA 7(a) Loans

It's essential to be prepared with updated and accurate documentation to close your SBA loan smoothly. Read our guide to find out exactly what you need to do.

Understanding Legal and Insurance Needs for SBA Loans

This comprehensive step-by-step guide helps you navigate and fulfill legal and insurance requirements for SBA financing.

Tackling Federal Tax Liabilities for a Smooth SBA Loan Close

Learn how to proactively address federal tax liabilities to secure your SBA loan with our guide.

Getting Life Insurance: Necessary for Your SBA Loan

Life insurance is typically required to get SBA financing. Explore our guide to understand everything you need to know.

Disclosing Assets Properly to Streamline Your SBA Loan Closing

Avoid headaches tomorrow by thoroughly and transparently disclosing your assets during the SBA financing application process. Learn how.

Why Equity Verification Matters for SBA Loans

Discover how equity verification works — and what seasoning is — in the small business financing world, with practical tips and insights along the way.

How Liens, Judgments, and Bankruptcies Can Impact Your SBA Loan

Learn how to navigate through liens, judgments, and bankruptcies to successfully secure your SBA loan with proactive steps and lender communication.

Close Your SBA Loan Faster By Being Responsive

Being quick to respond with accurate information is one of the easiest ways to ensure your SBA financing package closes quickly.

What Zions Bank’s Exit Means for Small Business Financing

While fewer lenders isn’t a good thing, borrowers still have plenty of great options for SBA loans.

Seller Notes: A Vital Tool for Small Business Owners

Taking a loan from a seller is a very common — and often advantageous — way to finance part of a business or real estate acquisition.

Top 5 States for SBA Loan Approvals in 2023

The SBA approved more than 26,000 7(a) loans with a value of nearly $13 billion in the past six months. Find out which states had the most.

Writing a Proposal for the SBA 7(a) Loan

Even though the SBA exists to promote the inception and growth of small businesses, its funding is limited. If you're seeking an SBA 7(a) loan, you'll have to write an exceptional loan proposal to get the funding you need to take your business to the next level.

What Is a Working Capital Loan?

A working capital loan is a loan used to fund the everyday operations of a business. Learn what this includes with our guide.

SBA 7(a) Paperwork Explained: Form 1919

Form 1919 gives the SBA crucial information about you, the borrower, and also facilitates a background check. Once you fill it out, you’ll submit it to your participating lender (not to the SBA itself). You must answer each of its 22 questions, and the SBA may review your answers.

What Is the SBA Express Loan?

An SBA 7(a) Express Loan has fewer hoops to jump through than the other SBA 7(a) loans, since you won’t be waiting on as many back-and-forth approvals. Of course, you do still need to qualify, you’ll only be backed for up to 50% of $500,000, and an Express Loan may ultimately be more expensive.

What Is the SBA 7(a) Loan Approval Time?

An SBA 7(a) loan can take time to move through approval — typically, 60-90 days. In addition, if your lender is an SBA Preferred lender, they will have the authority to approve your loan much faster than a non-preferred lender.

Using the SBA 7(a) for a Retail Store

Getting financing for a retail business, whether for working capital, inventory, or real estate, is often a major challenge — and headache. Find out how an SBA 7(a) loan can help your business.

Using the SBA 7(a) for a Preschool

As the daycare industry continues to grow, there are some incredible advantages if you tap financing to propel your business to the next level.

Using the SBA 7(a) for a Gas Station or Convenience Store

Getting an SBA 7(a) loan from a bank, credit union, or other lending institution is a great way to reach your goals as the owner of a gas station or convenience store. The SBA 7(a) loan can be used for any legitimate business purpose, including a business mortgage.

Using the SBA 7(a) Loan for a Restaurant

New and existing restaurants can benefit from an SBA loan. Find the funding you need, whether it's for real estate, equipment, working capital, or a variety of other uses.

Using the SBA 7(a) for a Motel

When you’re looking for an SBA lender, it’s important to find one who specializes in motels. Motels have unique underwriting procedures, as they're often seen as high-risk. Ensure you’re getting the best possible terms from your SBA lender.

Using the SBA 7(a) for a Self-Storage Facility

SBA 7(a) financing has many uses for the self-storage businesses. They can be used for new construction, refinancing, or purchasing existing facilities.

Using the SBA 7(a) Loan for a Hotel

Starting and running a business in the hospitality industry is expensive, which is why the SBA offers SBA 7(a) loans of up to $5 million to help business owners.

Veterinary Practice Financing Through the SBA 7(a) Loan Program

In 2017, veterinary practices and animal hospitals employed nearly 400,000 people across the U.S., while generating a staggering $42 billion in revenue. If you’re a veterinarian or animal hospital owner interested in purchasing or expanding your business, an SBA 7(a) loan could be your best option

What Is the SBA Veterans Advantage Program?

The SBA Veteran Advantage Program honors veterans and other qualified individuals with lower fees on all of their popular SBA loan products.

Can You Get an SBA 7(a) Loan for a Medical Practice?

If you’re a doctor looking to start, purchase, or expand your medical practice, an SBA 7(a) loan could be a great choice. Find out why.

What Are SBA Microloans?

SBA Microloans, which come in amounts between $10,000 and $50,000, are the smallest loans offered by the Small Business Administration.

Seller Notes in Relation to SBA 7(a) Loans

A seller note is a loan given by the current owner of a business to a new buyer, often in order to bridge the gap between the amount of financing the buyer has and the purchasing price of the business.

Can Non-US Citizens Qualify for SBA Loans?

If you are a non-U.S. citizen considering an SBA loan, there are some clear requirements you must be aware of.

SBA Loan Requirements: Credit Scores

Is your personal credit good enough to apply for an SBA loan? Understand the requirements to find out if you'd qualify.

SBA 7(a) Loans for Assisted Living Facilities

The underwriting procedures for an assisted living facility are different from other types of business mortgages. If you’re looking into buying an owner-occupied adult care facility, engaging in new construction, or buying an existing building for your venture, there are several SBA fundi

SBA 7(a) Loans for Bars and Clubs

Whether you have a new business or a seasoned establishment, find out what an SBA 7(a) loan could do for your bar or club's bottom line.

Using the SBA 7(a) Loan for a Bed and Breakfast

SBA loans are available for B&Bs. Find out how this financing could give your business the boost it needs.

What Prime Rate Hikes Mean for Small Business Owners (Updated Daily)

WSJ Prime rate today is 7%. When the Fed adjusts the federal funds rate, it has a direct impact on small businesses across the country. Find out more in our guide.

How to Fill Out Paperwork for the SBA 7(a) Loan

Your business is counting on potential SBA funding to get off the ground (or grow). You want to make sure you’ve prepared yourself to the best of your ability before you sit down to meet with a lender, which means filling out a ton of paperwork.

SBA Loans for Laundromats and Dry Cleaners

There's still a huge amount of demand for laundry services today. Find out how an SBA 7(a) loan could make a major difference in your business plans.

SBA 7(a) Loans for Landscaping Companies

There are nearly half a million landscaping businesses across the U.S. Learn how the SBA 7(a) loan can set yours apart from the crowd.

SBA 7(a) Loans for Insurance Agencies

The SBA 7(a) loan has myriad uses for insurance agencies, including purchasing or expanding an agency — or even buying real estate.

SBA Loans for HVAC Companies

If you own or operate an HVAC business and you need funding to maintain or grow your firm, getting an SBA loan could be the ideal solution.

SBA Loans for Computer Repair Companies

If you’re looking for financing to open, expand, or refinance business debt on a computer repair company, an SBA loan could be the perfect option. Find out how with our guide.

The Internet's 9 Best Commercial Loan Calculators

For many entrepreneurs, figuring out how to finance their plans is just as difficult as figuring out those plans in the first place. For that, online commercial loan calculators are an incredibly valuable resource.

Using the SBA 7(a) for a Car Dealership

From 2012 to 2017, the new car dealership industry in the United States grew by 4.5%. Take advantage of this growth by seeking out government-backed loans offered through traditional lenders like banks, credit unions, and lending institutions.

Can You Use an SBA Loan to Buy Part of a Business?

Unfortunately for borrowers, SBA 7(a) loans cannot be used to purchase part of a business. Partial equity, earn outs, and employment arrangements are also generally prohibited.