Posts tagged SBA 504 Energy Efficient
Can You Combine an SBA 7(a) Loan with an SBA 504 Loan?

Many borrowers appreciate the fact that SBA 7(a) loans can be used for both working capital and commercial real estate— which makes them one of the most versatile loans on the market. However, their close cousins, SBA 504 loans, which can only be used for commercial real estate, often have lower interest rates, and have a slightly larger maximum loan amount, at $5.5 million (vs. $5 million for SBA 7(a) loans. So what if you could combine an SBA 7(a) loan for working capital with a SBA 504 loan for real estate? Well, you might be able to— but probably not at the exact same time.

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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 one loan for underwriting purposes.

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