SBA 7(a) vs 504: 2026

7(a): working capital up to $5M. 504: fixed assets.

SBA 7(a)

Max: $5M

Guaranty fee: up to 2.75%

Terms: 7-25 years

SBA 504

50% bank + 40% CDC + 10% borrower

Fixed rate, 10-25 years

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