The 7(a) Loan Guaranty Program represent the largest and most widely used of all the SBA loan programs.   These loans provide long-term financing for almost any type of business need.  Funds are available for real estate, equipment and inventory purchases, business purchases, business start-ups and expansion, debt repayment and working capital.   Generally, 7(a) loan amounts vary between $50,000 and $2,000,000.  With Centinel's affiliated lenders, terms of up to 25 years are available.  An example of a typical 7(a) loan, "The Store", is shown in the "loan structure" section of this presentation.

In most cases, Centinel's affiliated lenders have  Preferred Lender  status with the SBA.  This means the SBA has granted final approval authority to the lender.  After our lender approves your loan, this is a final approval.  Once we have all the necessary information (see "checklist"), we can have usually have your loan approved in a couple of weeks and closed within 30-60 days.

In addition the permanent loans described above, interim construction is available for real estate projects, and advance periods may be included in the 7(a) loan where appropriate.  Contact a Centinel loan officer and see how we can help your business obtain the credit it needs to grow and prosper.