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FEDERAL
SBA 7(a) Loan Program for Syracuse Businesses
SBA-backed financing for Syracuse small businesses needing working capital, equipment, real estate, acquisition, or refinancing.
About this program
The SBA 7(a) program helps eligible small businesses access lender financing backed by the U.S. Small Business Administration. Syracuse businesses can work with participating lenders and the SBA Upstate New York District Office for guidance and lender connections.
Eligibility
For-profit small businesses meeting SBA size, use-of-proceeds, ownership, credit elsewhere, and lender underwriting requirements.
Requirements
- Apply through a participating SBA lender
- Provide business financials, tax returns, business plan, collateral information, and use-of-funds documentation
- Meet SBA eligibility and lender repayment requirements