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SBA 7(a) Loan
An SBA 7(a) loan is a partially government-guaranteed bank loan for small businesses, used for working capital, acquisitions, and general expansion.
Last updated Reviewed by ICG Funding
Definition
What it means.
The SBA guarantees 75–85% of the principal, reducing the bank’s risk and allowing it to lend at longer terms and lower rates than conventional commercial loans. Maximum loan size is $5 million; typical terms are 10 years for working capital and up to 25 years for real estate.
Qualifying requires a personal FICO of 680+, at least 2 years in business, demonstrated repayment capacity (DSCR ≥ 1.15), and no delinquent federal debt. Timeline from application to funding is typically 45–90 days.
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