Thursday, August 12, 2010

SBA Loan Basics for Borrowers- What can a SBA loan be used for?

A SBA 7(a) loan can be used for many purposes such as real estate purchase, real estate debt refinance, business debt refinance, business acquisition, franchise financing, working capital and inventory purchase.

Perhaps the better question would be what can a SBA loan NOT be used for? You can NOT use SBA to pay off shareholder debt or buy into a partial ownership interest in a company.

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