SBA 7a

The SBA 7a loan program can meet a variety of small business owners’ needs and with minimal down payment requirements, allows growing businesses to leverage capital. Loan proceeds can be used to purchase, refinance or construct 51% owner-occupied commercial buildings. Proceeds can also be used to purchase equipment and inventory, expand and/or renovate facilities and provide working capital.

SBA 7a loans provide for fully amortized maturities up to 25 years. Through our partnership with the SBA, Sonoma Bank can provide up to 90% financing for the purchase of Commercial Real Estate and up to 100% financing for debt refinance and all other business financial needs.

New businesses and borrowers in special purpose industries and real estate often have difficulty qualifying for commercial conventional real estate financing. The SBA 7a loan program can often meet the needs of these borrowers. The fully amortized loan terms up to 25 years provide the longer repayment terms often required to service the proposed debt with available cash flow.

Loan proceeds can be used by start-up companies or existing businesses to purchase land or buildings, construct commercial buildings, expand or renovate facilities, and to purchase machinery, equipment, fixtures, and leasehold improvements. In addition, 7a loan proceeds may be used to finance inventory, supplies, raw materials, working capital, and in some cases refinance existing debt. Down payment towards the purchase of real estate can be as little as 10% to qualified borrowers. There are specific rules regarding the refinance of existing debt. Please contact us to determine if your debt is eligible for refinance.

Click here to see a complete list of all commercial real estate loans.