An SBA 7(a) loan is the Small Business Administration’s (SBA) most common loan program. It’s a government‑backed business loan offered through SBA‑approved lenders, with a portion of the loan guaranteed by the federal government. That guarantee helps lenders provide more flexible terms than many conventional loans. SBA 7(a) loans can be used for a wide range of business needs, including business acquisitions, working capital, inventory, equipment purchases, tenant improvements, debt refinancing, and partner buyouts. At First Internet Bank, SBA 7(a) loans are available in amounts up to $5 million, with repayment terms of up to 10 years for most business purposes and up to 25 years for owner‑occupied commercial real estate.
