Getting to Know the SBA

Having been a Small Business Administration (SBA) Lender for twenty years I am often asked what is the SBA and what do you use an SBA 7(A) loan for? The SBA is a government program, funded by its users, which provides participating banks a partial guaranty in the event the loan defaults. Participating banks utilize the program because it allows the bank access to borrowers that otherwise may not be served.

The SBA provides funding for borrowers who want to:

  • Purchase owner-occupied commercial real estate with a lower down payment.
  • Refinance existing business debt over a longer term/amortization.
  • Purchase an existing business.
  • Buyout existing business partner.

The SBA provides an excellent tool for commercial borrowers who would like to enter into business or increase the cash flow of their existing business. Take advantage of an experienced SBA 7(A) lender when reviewing your financing options.

Chris Jackson small 2017Chris Jackson
1854 Midland Trail
Shelbyville, KY 40065
859.361.8764 or 866.633.4450

Tagged with →