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.

All labels observed (2)

Label Occurrences
7(a) Loan Program canonical 2
SBA 7(a) Loan Program 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf U.S. federal loan guarantee program
small business loan program
administeredBy U.S. Small Business Administration
alsoKnownAs SBA 7(a) Loan Program
linked to: 7(a) Loan Program
beneficiary existing small business owners
small businesses
startups
country United States
describedBy 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 SBA loan programs
linked to: Microloan Program
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 SBA 504 Loan Program
SBA Microloan Program
linked to: 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

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

7(a) Loan Program alsoKnownAs SBA 7(a) Loan Program
linked to: 7(a) Loan Program
Microloan Program relatedTo 7(a) Loan Program