Here is a brief summary of what the SBA 7(A) loan might do for you.
Purpose - Working capital, refinance, business acquisition, real estate purchase/construction. Purchase inventory or equipment.
Loan Amounts - $350,001 to $5,000,000.
Collateral - Commercial real estate, inventory, FF&E (furniture, fixtures and equipment).
Term - Varies, up to 25 years.
Rate - Fixed or variable rate.
Loan to value (ltv) - Varies, up to 90%.
When looking for a new commercial mortgage, consider speaking with a commercial mortgage broker who should be able to give you several loan products to think about.