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SBA 7(a) loans explained: Benefits, eligibility, and how to apply

Comerica published guidance explaining SBA 7 loans and application steps, highlighting its National SBA Preferred Lender status and Stacker's review and distribution of the article.
Many businesses need flexible capital for growth and acquisitions, yet U.S.-based for-profit small businesses often overlook the SBA 7 loan program despite its uses for expansion, acquisition, and real estate.
Key benefits emphasize lower down payments around 10%, flexible collateral and no balloon payments, while SBA 7 loan maximums reach up to $5 million with terms up to 10 years for many uses and 25 years for real estate.
Nearly 90% of U.S. businesses meet SBA eligibility, and in 2024 the SBA supported over 103,000 loans totaling $56 billion, showing broad access and program scale.
Because the SBA guarantees a portion of loans, banks that make SBA-guaranteed loans enable financing while small business bankers help owners weigh conventional loans versus SBA 7 financing.

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