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SBA 7(a) loans explained: Benefits, eligibility, and how to apply
Comerica, a National SBA Preferred Lender, helps nearly 90% of U.S. small businesses access SBA 7(a) loans with terms up to 25 years for real estate and flexible collateral options.
- Comerica published guidance explaining SBA 7 loans and application steps, with its SBA team outlining eligibility and uses in a Stacker-reviewed article.
- Many businesses need flexible capital for growth and acquisitions, but small businesses and business owners often overlook the SBA 7 loan program despite its uses for expansion, acquisition, equipment, and real estate.
- Key benefits emphasize lower down payments around 10%, flexible collateral and no balloon payments, while SBA 7 loan maximum is up to $5 million with terms up to 10 years or 25 years for real estate.
- Nearly 90% of U.S. businesses meet SBA eligibility criteria, and in 2024 the SBA supported over 103,000 loans totaling $56 billion, demonstrating broad accessibility and scale.
- Because the SBA guarantees a portion of loans made by banks, small business bankers advise owners to weigh conventional loans versus SBA 7 financing based on timing and collateral.
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Total News Sources30
Leaning Left1Leaning Right0Center27Last UpdatedBias Distribution96% Center
Bias Distribution
- 96% of the sources are Center
96% Center
C 96%
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