7 a Loan Program

7 a Loan Program Helps Finance Start-up and Existing Small Businesses, Including Franchises

The 7 a Loan Program is the Small Business Administration’s (SBA) primary program to help start-up and existing small businesses obtain financing when they might not be eligible for business loans through normal lending channels. The SBA does not make loans, but rather guarantees a portion of the loans made and administered by Cyan Capital Group and other commercial lenders.

7(a) loans are the most basic, flexible and commonly used types of loans for businesses to obtain financing for a variety of general business purposes:

  • Land and building (including purchase, renovation and new construction)
  • Working capital
  • Machinery and equipment
  • Furniture and fixtures
  • Leasehold improvements
  • Debt refinancing (under special conditions)

The SBA does not fully guarantee 7(a) loans – a lender like Cyan and the SBA share the risk that a borrower will not be able to repay the loan in full. The guaranty does not cover misrepresentation by the borrower. Loan maturity is up to 10 years for working capital and generally up to 25 years for fixed assets.

Call a Cyan Mortgage Loan Specialist today at 212-949-4363. We’ll help you determine which commercial mortgage loan is best for you.