SBA 7(a) Loan Specialist in Tampa, Florida

SBA 7a Loan with No Down Payment Options

The Small Business Administration (SBA) serves as the main resource for government-backed business loans. Because a portion of an SBA loan is guaranteed by the government, these loans allow small business owners to obtain capital with less equity than a conventional loan requires.

The most common SBA loan offers flexibility on both terms how the funds are used. The SBA 7(a) Loan is a good option for acquisitions, partner buyouts, real estate purchases and refinancing.

Up to 90% bank financing or higher

Fully amortized No balloon payment

Loan amounts up to $5 million

we can fund larger projects with our combination debt financing solutions

With some lenders, it's possible to use the SBA 7a loan program to purchase another business as an expansion of your existing business with no down payment if you are buying a business like yours. This option is a good fit for insurance agencies, daycares, preschools, independent and franchised restaurant chains, auto repair businesses and many others who want to conserve their resources.

Tampa's SBA 7a Loan Specialist

SBA 7a loans come with a guaranty from the Small Business Administration and this guaranty acts like a mortgage insurance policy for a loan that allows lenders to approve loans they otherwise might decline.

This also allows lenders to offer longer and better terms with little or no money down or out of pocket for businesses in Tampa, Orlando, West Palm Beach and anywhere else in Florida or Nationwide.

Under the 7a program, the largest loan amount available is $5 million, however a $10M transaction is possible, and to quality a business can have a tangible net worth of up to $15 million and net after tax income up to $5 million.

For Larger loans, Our staff will help you secure an SBA 504 Loan

SBA 7a loan requirements vary depending on the use of funds and the SBA lender making the loan, and this program is offered to small & mid-sized "For Profit" businesses with loan requirements that are flexible to allow financing of everything from startup costs to commercial real estate to partner buyouts.

What Are The Different Types of SBA 7a Loans?

Standard 7(a)

Standard 7(a) Loans are 7(a) loans that are greater than $500,000.

SBA Express

The SBA Express allows certain lenders to generally use their own processes and procedures in exchange for a lower SBA guaranty percentage.

7(a) Small

7(a) Small loans are term (non-revolving) 7(a) loans that are $500,000 or less

Export Express

The Export Express Loan Program guarantees smaller dollar revolving lines of credit or term loans to support small business concerns that wish to develop the export side of their business. It offers many of the streamlined features of SBA Express while providing a higher guarantee to mitigate international credit risk.

Export Working Capital

7(a) Export Working Capital Program (EWCP) loans are for businesses that can generate export sales and need additional working capital to support these sales.

International Trade

Under the 7(a) International Trade loan program, SBA guarantees term loans to improve the competitive position of small business concerns that are existing exporters or are developing new export markets. SBA also guarantees term loans to improve the competitive position of any small business concerns adversely affected by import competition.

Typical SBA 7a Loan Uses For Businesses in Tampa & Nationwide

100% "plus" financing for purchase, construction or renovation of a building for existing businesses No down payment required
Used for ground up construction of a new building, a major renovation or purchase of real estate for use by the business. Profitable businesses can get loans well over 100% loan to value/loan to cost which can include financing for business debts, equipment purchase or refinance, working capital, moving costs, etc.

100% financing for a business expansion
No down payment required
In some cases, a business can buy another business of the same type/same industry with no down payment. The SBA rule has been amended as of August 1, 2023, to state that you do not need a down payment if buying a business with the same NAICS code.

Buying a business with no money down with help from Seller
No down payment is required
The new SBA rules state that if the seller of a business is willing to hold a 2nd mortgage equal to 10% of the sales price on "full standby" for 24 months then the buyer/borrower does not need to put any money down. "Full Standby" means that the borrower is not supposed to make payments to the seller for 24 months

SBA Loan for Online Business
The 7a program can be used to buy an online business with strong borrowers with strong transaction history being able to borrow more than $5 million with some lenders.

Refinance of Business Debt and Existing SBA 7a (or 504) Loans
SBA 7a refinance of business debt has some typical (and some atypical) requirements but if the refinance will benefit the business, then the request could be approved. You can now use an SBA 7a to refinance an existing SBA 7a loan or a 504 loan. This can make a lot of sense if you currently have a high rate 7a loan and wish to lower costs.

Partner Buyout or Partner Buy in
An SBA partner buyout loan requires that a business have strong cash flow and the partner doing the buyout must be qualified. For a Buy in the SBA allows a "partial change of ownership," meaning the current owner can stay on as a director, officer, owner, stockholder, key employee, or (regular) employee

Start Up of a New Business
startups can be difficult, and many lenders are not interested in loans under $250K but there are lenders who will approve them.

Equipment Financing, Working Capital & Inventory
Equipment can be financed separately or as part of a larger loan that might include commercial real estate, business debt consolidation, etc. The SBA 7also allows a business to purchase needed inventory or access working capital