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SBA 7(a) Loan Use of Loan Proceeds

7(a) loan proceeds may be used to establish a new business or to assist in the operation, acquisition or expansion of an existing business. These may include (non-exclusive):

  • To purchase land or buildings, to cover new construction as well as expansion or conversion of existing facilities;
  • To acquire equipment, machinery, furniture, fixtures, supplies, or materials; For long term working capital including the payment of accounts payable and/or for the purchase of inventory;
  • To refinance existing business indebtedness which is not already structured with reasonable terms and conditions;
  • For short term working capital needs including: seasonal financing, contract performance, construction financing, export production, and for financing against existing inventory and receivable under special conditions; or
  • To purchase an existing business

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