7(a) Loan Program
E40266
The 7(a) Loan Program is the U.S. Small Business Administration’s primary business loan program that helps small businesses obtain financing by providing government-backed guarantees to participating lenders.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| SBA 7(a) Loan Program | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. federal loan guarantee program
ⓘ
small business loan program ⓘ |
| administeredBy | U.S. Small Business Administration ⓘ |
| alsoKnownAs |
7(a) Loan Program
ⓘ
surface form:
SBA 7(a) Loan Program
|
| beneficiary |
existing small business owners
ⓘ
small businesses ⓘ startups ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| describedBy |
Small Business Act of 1958
ⓘ
surface form:
Section 7(a) of the Small Business Act
|
| eligibilityCriterion |
must demonstrate need for credit
ⓘ
must meet SBA size standards ⓘ must operate for profit ⓘ must operate in the United States or its territories ⓘ must use funds for sound business purposes ⓘ |
| financingType | government-backed loan guarantees ⓘ |
| fundingSource | private lenders with federal guarantee support ⓘ |
| guaranteeCoverage | portion of loan principal rather than full amount ⓘ |
| guaranteeFeePayer | borrower ⓘ |
| guaranteeProvider | U.S. Small Business Administration ⓘ |
| guaranteePurpose | reduce lender risk ⓘ |
| interestRateType | negotiated between borrower and lender within SBA limits ⓘ |
| lenderType |
banks
ⓘ
credit unions ⓘ non-bank lenders ⓘ |
| loanRepaymentResponsibility | borrower ⓘ |
| loanStructure | loans made by participating lenders and guaranteed by SBA ⓘ |
| maximumLoanAmount | typically up to $5 million ⓘ |
| objective |
encourage private-sector lending to small businesses
ⓘ
increase access to capital for small businesses ⓘ |
| partOf |
Microloan Program
ⓘ
surface form:
SBA loan programs
|
| policyGoal |
promote small business growth
ⓘ
support entrepreneurship ⓘ support job creation in the United States ⓘ |
| primaryPurpose | help small businesses obtain financing ⓘ |
| regulator | U.S. Small Business Administration ⓘ |
| relatedProgram |
CDC/504 Loan Program
ⓘ
surface form:
SBA 504 Loan Program
Microloan Program ⓘ
surface form:
SBA Microloan Program
|
| riskMitigationMechanism | partial federal guarantee of principal ⓘ |
| sector | small business finance ⓘ |
| supportsActivity |
business acquisition
ⓘ
business expansion ⓘ equipment purchase ⓘ inventory purchase ⓘ refinancing certain business debt ⓘ working capital financing ⓘ |
| targetEntityType | for-profit small businesses ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
SBA 7(a) Loan Program