Business startups or existing business owners are great prospects for a 7a loan. A basic 7(a) loan serves as the SBA’s primary business loan program to help small businesses obtain funding when they may not be qualified for a traditional business loans. It is also the most flexible business loan program, since financing under this program can be guaranteed for a variety of general business purposes.
An SBA 7(a) loan proceeds can be used for many business purposes such as:
- Debt Refinance
- Machinery and Equipment
- Business Expansion
- Business Acquisitions
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