SBA 7(a) Guaranteed Loans

Use SBA's Lender Match tool to connect with a participating SBA lender.

SBA District Offices can provide you with in-person, online, or telephone assistance.

The SBA 7(a) program provides loan guarantees for financial institutions that loan funds to small businesses. The loans are a potential option for small healthcare practitioners. Funds may be used for:

• Acquiring, refinancing, or improving real estate and buildings
• Short- and long-term working capital
• Refinancing current business debt
• Changes of ownership (complete or partial)
• Multiple purpose loans
• Purchase machinery, furniture, fixtures, supplies, or materials

The 7(a) program offers flexibility, longer terms, and potentially lower down payments compared to other financing options.

To be eligible, the business must be operated for profit and fall within the size standards set by the SBA.

Privately owned medical facilities including hospitals, clinics, emergency outpatient facilities, and medical and dental laboratories are eligible; recovery and nursing homes are also eligible, provided they are licensed by the appropriate government agency and they provide more services than just room and board.

Amounts vary

Detailed guidance is available on the program website.

Begin the process by contacting local lenders to inquire about their participation in the SBA 7(a) program.

Contact your SBA District Office with specific questions about eligibility and the application process.