SBA 7(a) Loan Program

The business gets a loan from its lead lender and the lender subsequently gets an SBA guaranty on a portion or percentage of this loan.

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Amount

Maximum: $5,000,000

Resource Provider

SBA – ND

The U.S. Small Business Administration (SBA) is the only cabinet-level federal agency fully dedicated to small business. Since SBA's creation in 1953, millions of entrepreneurs have used SBA resources and programs to start and grow their businesses and to effectively compete in the marketplace. By expanding access to capital, federal contracts, counseling, and entrepreneurial education, the SBA provides small business owners with the tools they need to start, grow, expand, or recover their businesses.
Resource Type
Loan
Location
All
Purpose
Business Acquisition, COVID-19, Debt Refinancing, Equipment, Hiring & Recruitment, Inventory, Leasehold Improvements, Other, Real Estate, Renovation to Real Estate, Research, Sales Tax, Startup, Working Capital
Industry
Agriculture, Childcare, Communications, Communities, Construction, Energy, Ethanol, Exporting, Finance, Food Service, Healthcare, High Growth, Hospitality, Information Technology, Manufacturing, Other, Primary Sector, Professional Services, Real Estate, Retail, Tourism, Transportation, Utilities, Value-Added
Business Stage
Existing Business, New Business
Deadline
–
Contact
Al Haut
701-239-5049
alan.haut@sba.gov

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