7(a) Loan Guarantees


To provide guaranteed loans from lenders to eligible for profit small businesses which are unable to obtain financing in the private credit marketplace but can demonstrate an ability to repay loans if granted, in a timely manner. The SBA guarantees 7(a) Program Loans through various loan processing methods including: (1) Standard 7(a) Loans; (2) 7(a) Small Loans; (3) SBAExpress loans; (4) CAPLine Loans; (5) the Qualified Employee Trust (ESOP); (6) International Trade; (7) Export Express; (8) Export Working Capital loan programs; and (9) Pilot (temporary) Programs.

General information about this opportunity
Last Known Status
Program Number
Federal Agency/Office
Small Business Administration
Type(s) of Assistance Offered
F - Guaranteed/Insured Loans
Program Accomplishments
Fiscal Year 2016 No Current Data Available 22,734,000,000
Fiscal Year 2017 24,012,000,000
Fiscal Year 2018 25,400,000,000
Fiscal Year 2022 In FY 2022, the SBA supported 47,678 small businesses in accessing 7(a) loans totaling $24.054 billion. This funding supported more than 507,000 jobs. For more information about SBA accomplishments, access the SBA Congressional Budget Justification and Annual Performance Report: https://www.sba.gov/document/report-congressional-budget-justification-annual-performance-report
Small Business Act, Section 7(a) (15 U.S.C. 636(a)), Public Law 97-35
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
Small Business is based the size standard on either number of employees or annual receipts based on the North American Industry Classification system (NAICS)
Beneficiary Eligibility
Small Business is based the size standard on either number of employees or annual receipts based on the North American Industry Classification system (NAICS)
Additional information is available on SBA's website at www.sba.gov/funding-programs/loans.
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable.
Application Procedure
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Applications for guarantees are submitted by the participating lender to SBA electronically.
Award Procedure
SBA provides approval notification to participating lender who provides a commitment letter and loan to the applicant.
Contact the headquarters or regional location, as appropriate for application deadlines
Approval/Disapproval Decision Time
Generally, from one to ten days from date of receipt of a complete application, depending on type of loan and type of lender submission method.
If reconsideration is requested within six months after decline or withdrawal, no new application is required.
Additional information is available on SBA's website at www.sba.gov
How are proposals selected?
Not applicable.
How may assistance be used?
All funds guaranteed by SBA under the 7(a) program are subject to the following general use restrictions: Excludes gambling establishments, non-profit enterprises, financial businesses primarily engaged in the business of lending or financing, passive businesses owned by developers and landlords, speculators in property, lending or investment enterprises, businesses engaged in illegal activity; prurient businesses, businesses principally engaged in religious activities, private clubs that restrict membership; pyramid sales distribution businesses; businesses with an Associate of poor character, businesses in which the SBA Lender, or any of its Associates, owns an equity interest, and businesses involved in political or lobbying activities. Funds must not otherwise be available on reasonable terms, nor used to pay off a loan to an unsecured creditor who is in a position to sustain loss, or for the benefit of any individual or entity other than the borrower. • Standard 7(a) loans may be used to acquire, construct, expand, or convert facilities; to purchase building equipment or materials; to refinance debt, and for working capital. • SBA Express Program loan proceeds may be used for the 7 (a) uses above and permits lender participants to use their own forms and processes. • Qualified Employee Trust loans are used to permit employees to acquire controlling ownership interests in a small concern through an Employee Stock Ownership (ESOP) or employee cooperative structure. • The CAPLine Programs can be used to finance seasonal working capital needs; finance the direct costs of performing certain contracts, subcontracts, or purchase orders; finance the direct cost associated with commercial and residential construction; or provide general working capital lines of credit. • International Trade loan proceeds are used to finance assets that significantly expand an existing export market or develop new markets. • Export Express Loans provide funds for export development activities and financing standby letters of credit. • Export Working Capital 7(a) loans may be used to pay for the manufacturing costs of goods for export; to purchase goods or services for export; to support standby letters of credit to act as bid or performance bonds; and/or to finance foreign accounts receivable. Additional information is available on SBA's website at www.sba.gov/partners/lenders/7a-loan-program and at www.sba.gov/partners/lenders/training-demand.
What are the requirements after being awarded this opportunity?
Performance Reports: See www.sba.gov
Not applicable.
An annual financial audit conducted by a Certified or Licensed Public Accountant.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.

Matching is voluntary. Additional information is available on SBA's website at www.sba.gov

MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Go to www.sba.gov for information on how assistance is provided. Information is available at www.sba.gov
Who do I contact about this opportunity?
Regional or Local Office
Initial contact should be with one of the 68 District Offices (https://www.sba.gov/tools/local-assistance/districtoffices) listed in Appendix IV of the Catalog of Federal Domestic Assistance under Small Business Administration.
Headquarters Office
7a Loan Guaranty Program
409 3rd Street, SW
8th Floor
Washington, DC, DC 20416 US
Phone: 800-827-5722
Website Address
Financial Information
Account Identification
(Guaranteed/Insured Loans) FY 22$24,054,000,000.00; FY 23 est $35,000,000,000.00; FY 24 est $35,000,000,000.00; FY 21$34,889,257,318.00; FY 20$20,570,018,842.00; FY 19$21,503,000,000.00; FY 18$25,400,000,000.00; FY 17$24,012,000,000.00; FY 16$22,734,000,000.00; -
Range and Average of Financial Assistance
Additional information is available on SBA's website at www.sba.gov
Regulations, Guidelines and Literature
See www.sba.gov
Examples of Funded Projects
Fiscal Year 2022 The 7(a) Loan Program is the SBA’s primary small business loan program, assisting small businesses with financing when they are unable to access credit elsewhere. The Agency guarantees a portion of each loan (ranging from 50 to 90 percent) that a participating lender makes to an eligible small business.


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