Tap to get financing
SBA 7(a) Loans
SBA 7(a) Loans
Uses for the SBA 7(a) LoanCompare SBA LoansFund a StartupBuy EquipmentGet a Commercial MortgageRepair CapitalRefinance Business DebtGet a Working Capital LoanBuy a BusinessLearn About the SBA Lending ProcessFind an SBA Lender
Requirements Rates Loan Calculator
SBA Tools
SBA 7(a) Loan CalculatorSBA 504 Loan Calculator
Blog
About Us
About usContact us
Get financing
Close sba7a.loans is an independently owned and operated website and has no government affiliation. We are not the Small Business Administration and are not a lender. If you are trying to reach the SBA click here to be redirected.
Newly Published
Oct 27 at SBA 7(a) Loans
Small Business Loans Guide: Before You Start
Aug 26 at SBA 7(a) Loans
Who Are Specialized Lenders in the SBA 7(a) Loan Program?
Aug 26 at SBA 7(a) Loans
Writing a Proposal for the SBA 7(a) Loan
Explore the Janover Network
Mar 31 at Commercial Real Estate Loans
7 Reasons Multifamily Should Be in Your CRE Portfolio
Mar 29 at Commercial Real Estate Loans
The Advantages and Risks of Buying Distressed Properties
Mar 28 at Multifamily Loans
Why Smaller, "Boutique" Apartment Buildings Can Be Great Investments
Was This Article Helpful?
Small Business and SBA Lending Blog
Last updated on Feb 19, 2023
2 min read

Can You Get Multiple SBA Loans?

Yes, as long as each of your loans fits within the SBA’s lending guidelines, there is nothing preventing you from having more than one SBA loan. This applies to both SBA 7(a) loans and SBA 504 loans . However, if you get approved for two SBA loans within a 90 day period, the SBA may treat it as o

Apply for a loan in minutes and get multiple quotes today → Get Quotes

In this article:
  1. Who is Eligible for More Than One SBA Loan?
  2. How Many SBA Loans Can You Take Out?
  3. Energy Efficient SBA 504 Loans Allow Borrowers to Take Out $5.5 Million Per Project
  4. Related Questions
  5. Get Financing

Yes, as long as each of your loans fits within the SBA’s lending guidelines, there is nothing preventing you from having more than one SBA loan. This applies to both SBA 7(a) loans and SBA 504 loans. However, if you get approved for two SBA loans of the same kind within a 90 day period, the SBA may treat it as one loan for underwriting purposes.

Who is Eligible for More Than One SBA Loan?

In order to take out more than one SBA loan, your business will need to:

  • Stay within the SBA’s maximum borrowing amount ($5 million for SBA 7(a) loans, $5.5 million for SBA 504 loans)

  • Remain within the SBA eligibility requirements for businesses

  • Keep up a good credit score (typically 680+)

  • Have collateral for the new SBA loan

  • Be in good standing on your current SBA loan

How Many SBA Loans Can You Take Out?

In theory, there’s no limit on how many SBA loans a borrower can take out, as long as they remain within the SBA guidelines. In some cases, rapidly-growing companies have taken out up to 9 SBA 504 loans within a 15-year period.

Energy Efficient SBA 504 Loans Allow Borrowers to Take Out $5.5 Million Per Project

If you’re interested in taking out an SBA 504 loan to purchase commercial real estate for your business, you might be interested to learn that the SBA 504 energy efficient loan allows borrowers to take out $5.5 million per project, instead of $5.5 million per business. That amount can also include SBA 7(a) loans. So, for example, a business could potentially take out two, three, or four SBA 504 commercial real estate loans for $5 million and combine each of them with a $500,000 SBA 7(a) loan for working capital in order to finance multiple projects at once.

SBA 504 energy efficient loans are available for businesses that:

  • Purchase or construct a building that uses 10% less energy than the one your business currently uses

  • Purchase a building that the business is leasing from and make upgrades that result in the building using at least 10% less energy that it did before

  • Purchase or construct a building that gets at least 10% of its energy from renewable sources (typically solar or wind)

Related Questions

What are the requirements for getting multiple SBA loans?

In order to take out more than one SBA loan, your business will need to:

  • Stay within the SBA’s maximum borrowing amount ($5 million for SBA 7(a) loans, $5.5 million for SBA 504 loans)
  • Remain within the SBA eligibility requirements for businesses
  • Keep up a good credit score (typically 680+)
  • Have collateral for the new SBA loan
  • Be in good standing on your current SBA loan

In addition to the eligibility requirements, there are a few additional qualities which can increase your likelihood of SBA 7(a) loan approval:

  • A good credit score - preferably above 680.
  • A history free from recent bankruptcies, foreclosures, or tax liens.
  • Having been in business for at least two years.
  • The ability to provide collateral for loan requests over $25,000.
  • The ability to make a down payment of 10% if your intended use of funds is to purchase a business, commercial real estate, or business-related equipment.
  • Sufficient cash flow to meet your debt obligations.
  • Sufficient working capital (once you subtract liabilities from assets).
  • “Good character” according to the SBA (partially decided based on your track record of managing your resources and day-to-day business affairs).

What are the advantages of getting multiple SBA loans?

The advantages of getting multiple SBA loans include:

  • Access to larger amounts of capital than a single loan can provide
  • The ability to spread out payments over multiple loans, making them more manageable
  • The ability to use different loan products for different purposes, such as using an SBA 7(a) loan for working capital and an SBA 504 loan for equipment purchases

What are the disadvantages of getting multiple SBA loans?

The disadvantages of getting multiple SBA loans include:

  • Staying within the SBA’s maximum borrowing amount ($5 million for SBA 7(a) loans, $5.5 million for SBA 504 loans)
  • Remaining within the SBA eligibility requirements for businesses
  • Keeping up a good credit score (typically 680+)
  • Having collateral for the new SBA loan
  • Being in good standing on your current SBA loan

How long does it take to get approved for multiple SBA loans?

The length of time required for multiple SBA loans to be approved can vary drastically, but averages between 60 and 90 days. With that being said, it may take up to six months in some situations. There is no hard and fast rule here, and each situation will be unique.

For an SBA 504 loan, factors that go into determining the length of time to loan approval include:

  • Your ability to gather all required information
  • Your ability to satisfy all lender requirements for information and proof of income
  • SBA approval (up to 7 days)
  • Due diligence (2 to 3 weeks)
  • Closing (up to 14 days)

For an SBA 7(a) loan, the SBA is able to expedite application approvals for borrowers dealing with certified lenders. A complete application is submitted and the SBA will confirm the lender’s decision by conducting a credit review only, instead of a complete review of the application. The process is much shorter than the standard 7(a) loan approval processing -- it only takes three business days.

We’re here to help you get the commercial financing you need. Simply fill out the form below for a risk-free consultation and a free SBA loan quote!

What types of businesses are eligible for multiple SBA loans?

Businesses that meet the SBA's eligibility requirements and have a good credit score (typically 680+), collateral for the new SBA loan, and are in good standing on their current SBA loan are eligible for multiple SBA loans. Other than general and mixed use buildings, eligible building types for 100% SBA 7(a) financing include:

  • Medical and dental offices and clinics
  • Office condos
  • Professional office buildings
  • Pharmacies
  • Auto-repair businesses (including tires, muffler repair, and transmission firms)
  • Pre-schools
  • Certain fast-food/quick service restaurant buildings
In this article:
  1. Who is Eligible for More Than One SBA Loan?
  2. How Many SBA Loans Can You Take Out?
  3. Energy Efficient SBA 504 Loans Allow Borrowers to Take Out $5.5 Million Per Project
  4. Related questions
  5. Get Financing
Tags
  • SBA 7(a) Loans
  • SBA Loans
  • SBA 7(a)
  • SBA Business Loans
  • SBA 504 Energy Efficient
  • Multiple SBA Loans

Getting a small business loan should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →
Janover logo

SBA 7(a) Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Multifamily Today, Commercial Real Estate Loans, SBA7a Loans, CMBS Loans, Apartment Loans, HUD Loans, HUD 221d4 Loan, HUD 232 Loan, HUD 223f Loan, HUD 223a7 Loan, SBA Express Loans, SBA 504 Loans, and OpportunityZones Help.

Janover Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487

hello@sba7a.loans

SBA 7(a) Loans

SBA Loan Comparison
SBA 7(a) Loan Fees, Rates, and Terms
Qualifying for an SBA 7(a) Loan
SBA Loan Guides per State

Site Information

Privacy Policy
Terms of Use
Advertiser Disclosure

This website is owned by a private company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We are a technology company that uses software and experience to bring lenders and borrowers together.

All users should perform their own due diligence and research. Nothing on this website is an offer or a solicitation for a loan. This website does not endorse or charge you for any service or product. None of the information on this site constitutes legal advice. We are not affiliated with the Small Business Administration (SBA). If you need to visit the SBA directly please click here: sba.gov

Click here for our Advertiser Disclosure.

Copyright © 2023 Janover Inc. All rights reserved.