The 7(a) loan program is currently losing money, which could put it in the political crosshairs. At the agency itself, DOGE's calamitous terminations haven't helped.

The Small Business Administration’s 7(a) loan program lost hundreds of millions of dollars in 2024, according to documents ...

Two of the most common types of SBA loans are called 504 loans and 7(a) loans. While SBA loans have a higher maximum loan amount, 7(a) loans have a wider variety of potential uses. SBA 504 loans ...

“Let’s face it: The 7(a) loan program, the bread-and-butter loans that small businesses ... exploring new skillsets or training for SBA personnel to help expedite agency response times to business ...

Brookline Bank was named the top SBA 7(a) lender to manufacturers for 2024 by the Massachusetts SBA District Office. And Tom Smith is one of the people it can thank for that.

The SBA Preferred Lenders Program is designed for high-volume, experienced SBA lenders that have demonstrated a proven track record of success. It grants participating banks the authority to approve, ...

For fiscal year 2024, the average loan amount for all types of 7(a) loans from the Small Business Administration was $443,097, and the average amount for a 504 loan was $1.11 million Large ...

Because the government removes considerable lender risk by guaranteeing a portion of the SBA 7(a) loans, lenders generally offer more affordable interest rates to small business owners.

7(a) loans are the SBA’s primary business loan program for providing financial assistance to America’s small businesses. However, mission-based lenders often run into scale and liquidity ...

Central Pacific Bank finished fiscal 2024 with 113 7(a) loans totaling $9,526,500, making it Hawaii’s top lender in the ...

rising delinquencies and backlogged loan buybacks are plaguing the popular program. The Small Business Administration’s flagship 7(a) loan program lost hundreds of millions of dollars in 2024 as ...