Where is your business located?
You must have a U.S.-based, for profit business
We are currently taking applications.
Standard SBA 7(a) loans are still available for businesses who may not meet the eligibility requirements for the disaster relief loan programs. These popular loans are frequently used for basic work capital purposes, can go up to $5 Million and they come with fixed rates and low interest rates. So they are still a great option for some businesses
What are the rates and terms of the 7(a)Standard Loan?
With this program, rates will fall between Prime + 2.7% to 3.7% and terms can go out as far as 25 years.
The current Prime rate is 3.25%
Does the 7(a) Standard Program Offer Loan Forgiveness?
No, SBA Standard 7(a) loans are not currently eligible for loan forgiveness. Only the 7(a) Relief loans are eligible for forgiveness at this time.
Can I combine the SBA 7(a) Standard Loan with other SBA Loans?
You cannot attain a NEW Standard SBA 7(a) if you have an existing 7(a) CARES Relief Loan. But you can combine an existing SBA 7(a) standard loan with a 7(b) EIDL.
We help small business owners, like you, find funding fast.
As soon as applications are avaliable we can let you know.