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Rural Health Information Hub
Rural Health Information Hub

SBA 7(a) Guaranteed Loans

Link
View Program Website
Sponsor
Small Business Administration
Deadlines
Applications accepted on an ongoing basis
Contact

Contact local lenders to inquire about their participation in the SBA 7(a) program.

SBA Answer Desk
800.827.5722
answerdesk@sba.gov

Purpose

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 to:

  • Purchase land or buildings
  • Cover construction costs
  • Repair existing capital
  • Purchase or expand an existing business
  • Refinance existing debt
  • 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.

Eligibility

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.

Geographic coverage
Nationwide
Amount of funding

Amounts vary

Application process

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 the SBA Answer Desk with specific questions about eligibility and the application process.

Tagged as
Capital funding · Clinics · Critical Access Hospitals · Federally Qualified Health Centers · Healthcare facilities · Hospitals · Rural Health Clinics · Sole Community Hospitals

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For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.