The 7(a) program is a loan initiative offered by the U.S. Small Business Administration (SBA) designed to help small businesses access financing. It provides various loan amounts, typically up to $5 million, to support business operations, equipment purchases, and real estate investments. Loans under the 7(a) program are guaranteed by the SBA, which reduces the risk for lenders and encourages them to provide funding to small businesses that may not qualify for traditional loans. This program is beneficial for entrepreneurs seeking to start or expand their businesses with manageable repayment terms.