MINI COURSE

Comprehensive Guide to Securing Business Funding

Master the SBA 7(a) Loan Process and Propel Your Business Forward

DO-IT-YOURSELF

Access our digital library with 18 essential documents and videos for your SBA 7(a) loan application.

$499

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WE HELP YOU DO IT

Access our document library and receive personalized guidance from expert Paul, including help with one document like your business plan.

$1,499

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WE DO IT FOR YOU

Access our document library and relax while our team handles your entire application process, ensuring a seamless and stress-free experience.

$4,999

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HOW IT WORKS

1. Choose Your Option

2. Purchase and Access the Course & Documents

3. Prepare Your Application

4. Submit Your Application

1. Choose Your Option

2. Purchase and Access the Course & Documents

3. Prepare Your Application

4. Submit Your Application

WHAT'S INCLUDED

ALL REQUIRED MAJOR FORMS

Every major form required by the banks for the SBA 7(a) Loan process can be found here! All in one place!

WINNING BUSINESS PLAN TEMPLATES

We've provided business plan templates as a guide to what a winning business plan looks like.

TOP LENDING INSTITUTIONS

A list of the top lenders with the highest approval rates, giving away the most money!

Why SBA 7(a) Over SBA 504?

Understanding Your Options

The SBA 7(a) Loan offers unparalleled flexibility for various business needs, unlike the 504 Loan. It's designed to help you grow, expand, and thrive in your entrepreneurial journey.

LOAN PROGRAM COMPARISON

SBA 7(a)

PURPOSE

This is a general-purpose loan for small businesses. It can be used for a variety of purposes including working capital, refinancing debt, purchasing equipment, real estate, and more.

LOAN STRUCTURE

Guarantees a portion of the loan (up to 85%), which is made through a bank or a lending institution.

MAXIMUM LOAN AMOUNTS

Up to $5 million.

INTEREST RATES

Variable rates, typically tied to the prime rate, plus a margin.

Repayment Terms

Up to 10 years for working capital and equipment loans; up to 25 years for real estate loans.

Collateral

Lenders are required to take collateral if available, but a loan can't be declined solely for lack of collateral.

Eligibility and Usage Restrictions

Broader eligibility criteria and more flexibility in how funds are used.

In summary, the SBA 7(a) loan is more versatile for various business needs, while the SBA 504 loan is specifically aimed at long-term fixed asset purchases and economic development. The choice between them depends on the specific needs and circumstances of the business.

SBA 504

PURPOSE

Specifically designed for purchasing major fixed assets, such as real estate and large equipment. It's aimed at business growth and job creation.

LOAN STRUCTURE

It involves three parties - the business owner, a bank or lender, and a Certified Development Company (CDC). The loan is typically split into two parts: one from the bank (about 50% of the total) and the other from the CDC (up to 40%), backed by a 100% SBA-guaranteed debenture.

MAXIMUM LOAN AMOUNTS

The CDC portion can go up to $5 million (or more for energy-efficient or manufacturing projects), and there's no maximum limit for the entire project cost.

INTEREST RATES

Fixed rates on the CDC portion; variable or fixed on the bank portion.

Repayment Terms

10, 20, or 25 years, based on the asset being financed.

collateral

Collateral is typically the asset being financed, along with personal guarantees from the principals.

Eligibility and Usage Restrictions

More restrictive; funds must be used for fixed assets, and the project typically must create or retain jobs.

In summary, the SBA 7(a) loan is more versatile for various business needs, while the SBA 504 loan is specifically aimed at long-term fixed asset purchases and economic development. The choice between them depends on the specific needs and circumstances of the business.

Testimonials

What Our Client Say

Explore testimonials from satisfied entrepreneurs who successfully secured business funding with Unlock SBA 7(a). Real stories, real success.

Sarah t.

"I was super worried about applying for a business loan, but Unlock SBA 7(a) made it way less scary. With their help, I got all my documents sorted and even had someone to chat with when I had questions. It was like having a buddy hold my hand through the whole thing. Thanks to them, I got the funding I needed without pulling my hair out!"

Michael r.

"I was drowning in paperwork trying to get my business loan sorted. Then I found Unlock SBA 7(a), and boy, what a lifesaver! Their $1,499 deal was perfect for me. I got all the docs I needed, plus some one-on-one time with Paul to help me out. It was like having a personal coach for my loan application. I'm telling all my entrepreneur buddies about them!"