2017 Hurricane Recovery: You may be eligible for an SBA loan deferment

7(a) Loans

The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses, with financing guaranteed for a variety of general business purposes. SBA does not make loans itself, but rather guarantees loans made by participating lending institutions. In this way, taxpayer funds are only used in the event of borrower default. This reduces the risk to the lender but not to the borrower, who remains obligated for the full debt, even in the event of default.

  • Approval-Authorization

    Use the resources below for information on the approval and authorization steps of the CDC/504 lending process.

  • Closing

    The following resources provide 504 closing information for lenders.

  • Servicing

    This section covers information on servicing SBA 7(a) loans.

  • Liquidation

    This section covers general lender liquidation guidelines.

  • Litigation

    See the CDC/504 litigation plan below for information on the litigation process.

  • Guaranty Purchase

    SBA reviews a lender’s request that SBA honor (purchase) the guaranty, this review determines if the lender has complied with the SBA loan authorization for the loan, SBA requirements, and prudent...

  • 7(a) Terms & Conditions

    The specific terms of SBA loans are negotiated between an applicant and the participating financial institution, subject to the requirements of SBA. In general, the following provisions apply to...

  • 7(a) Eligibility

    While the vast majority of businesses are eligible for financial assistance from the SBA, some are not. Applicant businesses must: Operate for profit; Be engaged in, or propose to do business in,...