SBA 7(a) Loans

The SBA 7(a) Loan program1 from Alliance Bank of Arizona provides financial help for businesses with unique requirements. You can use the funds to purchase real estate, finance new construction or expand existing structures, buy more inventory, finance accounts receivable and working capital, refinance debt and more.

Features & Benefits

  • Loan amounts can be up to $5,000,000, with a maximum guaranty at $3,750,000
  • Requires down payments as low as 10%, which is typically lower than traditional financing
  • Down payments can vary, depending on use of loan proceeds
  • Offer longer repayment terms, resulting in lower monthly payments

Other Key Facts

  • Repayment terms can be up to 10 years for inventory, working capital and machinery & equipment and 25 years for commercial real estate
  • SBA 7(a) loans are fully amortized
  • No balloon payments
  • No prepayment penalty on loans with maturity less than 15 years
  • Real estate loans must be owner-occupied, and meet certain occupancy percentage requirements

1. All offers of credit are subject to credit approval, satisfactory legal documentation, and regulatory compliance.  Borrowers are responsible for any appraisal and environmental fees plus customary closing costs, including title, escrow, documentation fees and may be responsible for any bank fees including bridge loan, construction loan, and packaging fees.