**As of July 4, 2026, the Small Business Administration has increased the cumulative borrowing limit for 7(a) and SBA 504 loans to $10M.
Property Types & Uses: Working Capital, Hospitality, Healthcare, Industrial Equipment, Real Estate, etc.
Loan Amounts: $1M-$10M
Terms: 10 / 20 / 25 (years)
Amortization: 10 / 20 / 25 (years)
Note Position: 1st; *2nds available
Loan-to-Value: Up to 90%
Loan-to-Cost: Up to 90%
Rates: Starting at 6.25%, *float structure available
DSC: 1.15 - 1.25x
Reserve Funds: ~3-12 months
Origination Fee: 0.5%-2%
Entity Type: LLC/Corp
Recourse: Personal Gurantee
Locations: USA
Closing time: ~45-60 days (Standard), 60-90 days (High-Ticket/Complex)