What can SBA 7(a) loan proceeds be used for?

SBA 7(a) loan proceeds can be used to:

  • Assist in the acquisition, operation or expansion of an existing business
  • Establish a new business
  • Provide long-term working capital and short-term working capital needs
  • Purchase equipment, machinery, furniture, fixtures, supplies or materials
  • Purchase real estate, including land and buildings
  • Construct a new building or renovate an existing building
  • Refinance existing business debt, under certain conditions
  • Buyout existing partners

Want to know more? Just ask!