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  #1  
5th June 2016, 03:01 PM
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SBA 7A Bank Of America

Hello sir, I am Sam. I want you to help me by giving me some information about the Small Business Administration Financing (SBA Loans) 7A of bank of America. Can you give me some details about it?
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  #2  
5th June 2016, 03:53 PM
Super Moderator
 
Join Date: Apr 2013
Re: SBA 7A Bank Of America

As you have asked about the Small Business Administration Financing (SBA Loans) 7A of bank of America, I am giving you information about it, check below for the details

Use it for

Purchase or expand a business
Purchase equipment or inventory
Working capital
Refinance debt

Benefits

Longer maturity than conventional loan
Lower down payments on fixed assets
Easier qualification than a conventional loan

Amount
$350,000-$3.5 million

Terms

Up to 7 years for working capital
Up to 10 years for equipment or business acquisition
Up to 25 years for real estate


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