SBA 7(a)loans are made usually for 1 to 3 years in amounts up to $10,000,000, require collateral, and can be used for most business purposes.

Name: SBA 7(a)loans are made usually for 1 to 3 years in amounts up to $10,000,000, require collateral, and can be used for most business purposes.
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SBA 7(a) loans can have terms up to 25 years and maximum loan amounts vary based on the purpose of the loan. They also generally require collateral and can be used for most business purposes.

SBA 7(a)loans Are Made Usually for 1 to 3 Years