The SBA 7(a) Loan is a popular financing option offered by the Small Business Administration to help small businesses access capital. This loan can be used for various purposes, including purchasing equipment, real estate, or working capital. The SBA guarantees a portion of the loan, which reduces the risk for lenders and makes it easier for businesses to qualify. Eligible businesses can borrow up to $5 million with repayment terms typically ranging from 10 to 25 years. The SBA 7(a) Loan is designed to support small businesses that may not qualify for traditional bank loans, promoting growth and job creation in the economy.