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Solutions for Small Business Growth

SBA 7(a) loans offered by Lendistry are a flexible lending option designed to provide new and established small businesses with access to affordable capital. Most small businesses qualify for SBA financing.

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Ciarah Richardson, All Things Plush LLC, Syracuse, NY
Ciarah Richardson, All Things Plush, Syracuse, NY

The government-backed SBA 7(a) Loan Program provides competitive interest rates, longer term options, low down payments, short prepayment options, and flexible overhead requirements.

Illustration of 2 minority business owners smiling and holding an "open" sign

SBA 7(a) Program

As a non-bank SBA Preferred Lender, or Small Business Lending Company, Lendistry SBLC, LLC offers the SBA 7(a) loan program to established businesses and SBA approved startup franchises. This program provides qualified* small business owners nationwide with the flexible funding they need to: increase working capital, expand a business, refinance current debt, purchase equipment or inventory, acquire commercial real estate and more.

Loan Amount: Up to $5 million

Loan Term: Up to 25 years for real estate and up to 10 years for other purposes

Needed Documents

For Lendistry to review an SBA 7(a) loan application, applicants will be asked to provide the following documentation:

SBA Approved Startup Franchise:

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2 Years Detailed Projections

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2 Years Personal Tax Returns

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2 Years Business Tax Returns (if available)

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3 Months Business Bank Statements or Bank Verification

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Budget for the Startup Costs

Existing Small Business:

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Business Debt Schedule

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3 Years Business Tax Returns

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Previous Year’s YE Business Financials

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3 Years Personal Tax Returns

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3 Months Business Bank Statements or Bank Verification

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Government Issued ID (i.e. Driver's License)

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Personal Financial Statement

SBA Form 413

Additional documents may be requested.

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* Business qualifications: To qualify for an SBA 7(a) loan, businesses must meet the minimum following SBA requirements:

  • Operate for profit and be considered a small business, as defined by the SBA
  • Be engaged in, or propose to do business in, the U.S. or its territories
  • Have reasonable invested equity
  • Use alternative financial resources, including personal assets, before seeking financial assistance
  • Be able to demonstrate a need for a loan and that the funds will be used for a sound business purpose
  • Not be delinquent on any existing debt obligations to the U.S. government
  • Commercial Real Estate Property must be 51% owner occupied (based on rental square footage determined by an appraiser)
Lendistry SBLC, LLC is approved to offer SBA loan products under SBA’s 7(a) Lender Program.