Small Business Administration (SBA) 7(a) Loan Program

Small Business Administration 7(a) Loan program is the most common and most flexible small business loan that BCI Lending offers. The 7(a) Loan is designed to supplement an already profitable business that has a positive net worth with longer repayment terms than a typical loan available from commercial banks.

Eligible Borrowers:

Ineligible Borrowers:

  • Small for-profit businesses
  • Non-profit businesses
  • Foreign-controlled businesses
  • Private clubs that limit membership
  • Businesses that promote a particular religion
  • Individuals who are incarcerated or on probation/parole
  • Individuals who have failed to repay federally assisted funding
  • Businesses engaged in:
    • Lending or loan packaging
    • Speculation
    • Passive investment
    • Pyramid sales
    • Gambling

Loan Amounts

  • Maximum: $2,000,000
  • Minimum: $50,000

Guaranty Percentages

  • 85% up to $150,000
  • 75% over $150,000 up to $2,000,000


  • Working capital: Up to 7 years
  • Equipment: Up to 10 years
  • Fixed assets (real estate): Up to 25 years

Approved Uses of Proceeds

  • Land acquisition
  • Construction or renovation
  • Purchase of machinery or equipment
  • Purchase of furniture or fixtures
  • Working capital
  • Inventory
  • Seasonal line of credit
  • Refinancing existing debt
  • Purchase of an eligible business

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