SBA 7(a)

by LuRhea | December 9, 2011 8:31 pm

Liberty Bank seeks to understand your business needs and creatively put together the right solution.  The 7(a) loan program is used for special purpose, rural, export, and expresses financing instruments.

In most cases the loan is used for the following purposes:

• Equipment
• FF&E
• Inventory
• Capital Injection
• Short-term working capital
• Seasonal finance
• Purchase existing businesses
• Other business purchases

Liberty Bank uses this program to help businesses receive funding.  Many businesses do not have collateral or do business on a cash basis.  This program helps these businesses obtain financing such as using lines of credit on a borrowing basis.  This is the beginning step for a business to become eligible for other financing instruments.

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Source URL: http://libertybankofutah.com/sba-7a/

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