59.012: 7(a) Loan Guarantees
Alternate Name: 7a Loans
Overview
Program Number
59.012
Status
Active
Last Modified
July 20, 2022
Date Posted
July 20, 2022
Objective
To provide guaranteed loans from lenders to eligible for profit small businesses which are unable to obtain financing in the private credit marketplace but can demonstrate an ability to repay loans if granted, in a timely manner. The SBA guarantees 7(a) Program Loans through various loan processing methods including: (1) Standard 7(a) Loans; (2) 7(a) Small Loans; (3) SBAExpress loans; (4) CAPLine Loans; (5) the Qualified Employee Trust (ESOP); (6) International Trade; (7) Export Express; and (8) Export Working Capital loan programs.
Type of Assistance
F - Guaranteed/Insured Loans
Applicant Eligibility
Small Business is based the size standard on either number of employees or annual receipts based on the North American Industry Classification system (NAICS)
Beneficiary Eligibility
Small Business is based the size standard on either number of employees or annual receipts based on the North American Industry Classification system (NAICS)
Additional Information
Grant Awards
7(a) Loan Guarantees direct grants
Grant Opportunities