Use of Proceeds.
- Indian Tribe
- Public Body
- Real Estate
- Working Capital
- Debt Refinance
Term of Loans.
- Working Capital & Inventory - 7 years
- Machinery & Equipment - 15 years (or useful life)
- Real Estate - 25 years.
A typical loan would have a blended use of proceeds and the term would be calculated on a weighted average basis.
If you are unsure whether or not your anticipated use of funds is allowed,
check with your SBA approved lender. For more information about the SBA 7(a) loan program, click here.
Contact us today to see how an SBA 7(a) loan could be the right tool to finance your growing business.