Technical Definitions: What is 7(a) Loan Guaranty Program ? 7(a) Loan Guaranty Program Definition.

Free Definitions: Business: Financial

7(a) Loan Guaranty Program Definition

The 7(a) Loan Guaranty Program is one of SBA's primary lending programs. It provides loans to small businesses unable to secure financing on reasonable terms through normal lending channels. The program operates through private-sector lenders that provide loans which are, in turn, guaranteed by the SBA -- the Agency has no funds for direct lending or grants.

Definition Provided By SBA.gov