SBA 7A 504

Beneficial 7A 504 Loans

Pivotal Business Partners works with HL Lender Resources in order to assist the small business and their owners with the SBA 7a program. HL Lender Resources will source and work with a banks or credit unions who will engage the SBA for the use of the 7A program

Hassle-free business loans.

What is an SBA 7a loan?

  • It is a loan guaranty for financial institutions, encouraging them to lend to small businesses
  • The guaranties range from 50% – 90%
  • The financial institution will handle the loan process and servicing

What can you do with an SBA 7a program

  • Long- and short-term working capital
  • Revolving funds based on the value of existing inventory and receivables
  • The purchase of equipment, machinery, furniture, fixtures, supplies, or materials
  • The purchase of real estate, including land and buildings
  • The construction a new building or renovation an existing building
  • Establishing a new business or assisting in the acquisition, operation or expansion of an existing business
  • Refinancing existing business debt, under certain conditions

Eligibility

  • Operate for profit
  • Be considered a small business, as defined by the SBA
  • Be engaged in, or propose to do business in, the United States or its possessions
  • Have reasonable invested equity
  • Use alternative financial resources, including personal assets, before seeking financial assistance
  • Be able to demonstrate a need for a loan
  • Use the funds for a sound business purpose
  • Not be delinquent on any existing debt obligations to the U.S. government

HL Lender Resources Role

  • Assist the small business owner with SBA application and documentation
  • Assist the financial institution with the SBA loan package
  • Act as an SBA resource for the small business