7a Multipurpose Loans

The 7a Loan is the SBA’s most popular loan program due to its low interest rates and long terms. Qualifying business owners can get as much as $5 million, and funds can be used for a myriad of purposes, including working capital, debt restructuring, and equipment purchase. Generally, 7a loans are 10 years for equipment and 7 years for working capital.

7a loans are very competitive, and the amount of paperwork can make them daunting. However, our SBA team is known for being able to reach a credit decision in as little as 10 days. Get the funding you need to take your business to the next level with a Sunwest SBA 7a Loan.

SBA 7(a) Multi-Purpose

  • Fully amortizing, generally up to 10 years
  • Variable rates indexed to Prime
  • Eligible Purposes:
    • Permanent working capital
    • Business acquisition
    • General debt restructuring
    • Equipment purchase or refinancing
    • Combination of purposes

Subject to Sunwest Bank’s Standard Approval and Underwriting Guidelines

SBA Paycheck Protection Program

The Paycheck Protection Program provides small businesses with funds. Up to 8 weeks of payroll costs including benefits.