7(a) loans are the most basic and most used type loan of the Small Business Administration’s (SBA) business loan programs. Its name comes from section 7(a) of the Small Business Act, which authorizes the agency to provide business loans to American small businesses.
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Multi Property Loan · The borrower must certify he or she intends to live in one of those units as the primary residence and the property cannot have more than 25% of the floor space dedicated to commercial use, but multi-family units are an option under a VA home loan for qualified borrowers.
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Visit Small Business BC for information and resources on starting a business in B.C. Find out more about loan programs for specific businesses: british columbia’s Indigenous Small Business Resources – Discover national and provincial sources of financing and loans for Indigenous enterprises.
Explore our small business financing options and find out how to use small business loans and credit to finance your business needs. Get more information about funding your business with a term loan, SBA loan, secured and unsecured lines of credit and more from Bank of America.
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Business Loans to Help Your Business Grow. Whether you’re an emerging start-up or an established business looking to expand, you can find the financing solutions to help your business reach its full potential. What Do You Need Out of a Business Loan?
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