Mergers & Acquisitions – They say selling a business is an art – we’ve turned it into a science

Schedule a Consultation
Home Resources Glossary SBA 7(a) Loan

Glossary

SBA 7(a) Loan

A loan offered through the Small Business Administration.

See Also

Small Business Administration.

Tips

The SBA 7(a) loan typically requires a 10% to 20% down payment, and the balance is normally amortized over 10 years. The maximum loan amount is currently $5 million.

Related Resources

Small Business Acquisition Financing

SBA Financing When Buying or Selling a Business

Related Terms

S Corporation

Short for “Subchapter S Corporation”. A state-incorporated business that elects special tax treatment. See Also C Corporation, entity. Tips An S Corporation does not pay income taxes. Instead, its owners...

Sales Tax

A tax collected on the sale of goods or services. Tips If the owner of a business is required to have a sales tax permit, then sales tax is charged...

Scalable

The ability to quickly grow a company without requiring a proportional additional investment in the business to support the growth. Example Most software and tech businesses, such as Uber and...

Secured Party

An individual or entity to whom a debtor has made a promise to pay under the terms of a promissory note and security agreement. Related Resources Small Business Acquisition Financing...

Security Agreement

An agreement that gives the lender (i.e., seller) a security interest in the assets of the business when the seller is financing a portion of the sale. See Also Promissory...

Selling Your Business?

Work with an industry leader that gets you results.

We invested over a decade perfecting every step of the process. The result is a method proven to reduce your risk and maximize your price.

View Our Process Now

Schedule a Consultation

Selling your business is a big deal

You’ve invested your blood, sweat, and tears into an enterprise that has provided for you, your family and your employees. The moment has finally come for you to start a new chapter in your life. Explore your options now.

Schedule Your Consultation
Calendar on a smartphone