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FEDERAL
SBA 7(a) Loan Program for Rochester Small Businesses
Federal loan guarantees that help eligible small businesses access working capital, acquisition, equipment, and expansion financing.
About this program
The SBA 7(a) program provides government-backed loan guarantees through participating lenders. Rochester small businesses can use 7(a) financing for working capital, equipment, real estate, acquisition, refinancing, and expansion when they meet SBA and lender underwriting requirements.
Eligibility
For-profit small businesses operating in the United States that meet SBA size, ownership, credit, and eligible use requirements.
Requirements
- Apply through an SBA participating lender
- Provide business financials, owner information, collateral details, business plan if requested, and eligible use of proceeds
- Meet lender underwriting, SBA size standards, and closing documentation requirements