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SBA 7(a) Loans

Loans to power your business.

The Small Business Administration (SBA) 7(a) loan program provides financing options to purchase existing businesses that might not otherwise qualify for a bank loan. 7(a) loans generally provide greater flexibility, longer terms and lower down payments compared to other financing options and are repaid with monthly payments of principal and interest.

7(a) Loan details:

  • Provide financing for business purchases with and without real estate
  • Higher advance rates on total purchase not available with conventional financing
  • Both tangible and intangible assets may be financed
  • Buy out a Partner and full ownership transfer
  •  Loans up to $5 million
  • Low down payment requirements
  • Terms from 10 to 25 years fully amortized, depending on use of proceeds
  • Benefits entrepreneurs by providing financing for businesses with existing cash flow
  • No maximum loan-to-value requirements


  • A minimum 10% equity down payment
  • Eligible borrowers and business types apply
  • Direct or transferable experience required
  • Business must demonstrate adequate cash flow for repayment
  • Collateral must be pledged to the extent available
  • Personal guarantees required

Small Business Administration (SBA) Preferred Lender

Tri Counties Bank is an SBA Preferred Lender with a dedicated SBA support team for a streamlined approach and faster closings to meet your deadlines. Starting with the convenience of working with the team at your local branch, you’ll find an easy application process and simplified documentation requirements that result in a lending solution that improves your business finances and enhances your business strategy.

Put the experience and knowledge of the Tri Counties Bank business lending team to work for you.

A word about our calculators

The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

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