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

What Is the SBA 7(a) Loan Maximum Amount?

The maximum amount for an SBA 7(a) loan is $5 million, but other programs have different maximum amounts. Here’s a breakdown of maximum SBA loan amounts.

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

In this article:
  1. How Much Down Payment is Required for the SBA 7(a) Loan?
  2. Other SBA 7(a) Loan Terms and Rates
  3. Related Questions
  4. Get Financing

The maximum amount for an SBA 7(a) loan is $5 million, but other programs have different maximum amounts. Here’s a breakdown of maximum SBA loan amounts:

  • Standard 7(a) loan – $5 million

  • Export Working Capital Program loan – $5 million

  • Export Express loan – $500,000

  • Small 7(a) loan – $350,000

  • SBA Express loan – $350,000

How Much Down Payment is Required for the SBA 7(a) Loan?

Though each lender has their own requirements, the down payment for an SBA loan is typically between 10-30% of the amount borrowed. If you're going to take out the maximum amount of $5 million for your SBA 7(a) loan, at minimum you would need a down payment of at least $500,000.

The amount of your down payment for the SBA 7(a) loan, like all loans, depends on your business's financial standing and your credit history. If your personal and business credit scores are solid and you can prove you'll have sufficient cash flow to make regular loan payments, your lender may require a lower down payment. If you're a startup, your business isn't profitable, or you're buying a business with a less-than-stellar track record, your lender will probably require a higher down payment.

Other SBA 7(a) Loan Terms and Rates

If you're wondering about rates and fees, SBA loan maturity or other key facts about SBA business loans, check out our cheat sheet below or view the full SBA 7(a) Fact Sheet as a PDF.

To learn more about SBA 7(a) loans or to get a free quote, simply click the button below!

Related Questions

What is the maximum amount of an SBA 7(a) loan?

The maximum amount of an SBA 7(a) loan is $5 million. If you borrow the maximum, the SBA will be funding $3,750,000 of the loan and your private lender will cover the rest.

For smaller loans, it might be a good idea to check out one of the SBA's other loan programs, like the 7(a) Small Loan or the Express Loan. Alternately, if you need more than the max amount of $5 million, the SBA 504 program or another loan is a better fit.

Sources:
  • SBA 7(a) Loan Calculator
  • SBA 7(a) Loan Amounts, Maturity, and Rates
  • $5,000 SBA 7(a) loan
  • SBA's other loan programs
  • 7(a) Small Loan
  • Express Loan
  • SBA 504 program

What are the eligibility requirements for an SBA 7(a) loan?

The eligibility requirements for an SBA 7(a) loan include:

  • The business must meet the SBA's size standards for its particular industry.
  • The business must have fewer than 500 employees and less than $7.5 million in revenue each year for the previous three years.
  • The business must physically be based in the U.S. and operate within the U.S. and its territories.
  • The business must operate for profit.
  • Business owners must first have used other sources of financing, including personal funds, in order to qualify.
  • Businesses must not be involved in lending, real estate, or speculation.
  • Your business must operate for profit. Nonprofits and not-for-profit businesses are not eligible.
  • You must also have some equity in the business — this could mean you already have a profitable business, or you could use your own personal equity as collateral.
  • If you have any alternative financial resources, you must have used them first. For example, if you have a personal savings account or are able to get a personal loan, then you must first pursue those options before applying for an SBA 7(a) loan.
  • The business owner cannot be on parole.
  • You must be doing business in the U.S. or its territories.

What are the advantages of an SBA 7(a) loan?

The advantages of an SBA 7(a) loan include:

  • Highly competitive, low interest rates
  • Long loan terms, up to 25 years
  • Fixed and variable-rate options are available
  • A variety of businesses are eligible
  • Low down payments, typically around 10-20%
  • Variety of loan options, including SBA 7(a) express loans, SBA 7(a) CAPLines
  • Most SBA loans, including 7(a) loans are fully amortizing, meaning borrowers don’t have to worry about balloon payments

Flexibility in underwriting, often has lower interest rates than other comparable financing options, and flexible collateral requirements are also advantages of an SBA 7(a) loan.

What are the disadvantages of an SBA 7(a) loan?

SBA 7(a) loan disadvantages include:

  • Lengthy approval times (for standard SBA 7(a) loans)
  • Lots of documentation
  • Collateral is often required
  • Certain businesses, including real estate investing, lending, gambling, and speculation are prohibited
  • High credit scores are typically required (typically 680+)
  • May be restrictions on supplemental/additional financing

Source: www.sba7a.loans/sba-7a-loans-small-business-blog/pros-and-cons

Source: www.commercialrealestate.loans/blog/difference-between-sba-7a-and-sba-504-in-cre

How long does it take to get approved for an SBA 7(a) loan?

The length of time it takes to get approved for an SBA 7(a) loan depends on the type of loan processing used. Standard 7(a) loan processing takes between 7-10 business days, while Certified Lenders Program (CLP) processing takes only 3 business days.

Source: www.sba7a.loans/sba-7a-loans-small-business-blog/how-long-does-it-take-to-approve-an-sba-7a-loan

In this article:
  1. How Much Down Payment is Required for the SBA 7(a) Loan?
  2. Other SBA 7(a) Loan Terms and Rates
  3. Related questions
  4. Get Financing
Tags
  • Loan Terms
  • Loan Amounts

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.