MOF Lending Programs

At MaxOut Funding, we offer customized financial solutions for businesses at every stage. Whether you're starting out, expanding, or managing day-to-day operations, we have the right funding options for you.

1. SBA 7(a) Loan Program Overview

The SBA 7(a) Loan Program is the U.S. Small Business Administration's primary initiative designed to assist small businesses in securing financing when traditional funding avenues are not accessible. This program provides guarantees to lenders, encouraging them to offer loans to small business owners for various purposes.

Key Features:

• Loan Amount: Up to $5 million.​ Small Business Administration+7Small Business Administration+7Investopedia+7 
• Use of Funds: Proceeds can be utilized for:​
• Acquiring, refinancing, or improving real estate and buildings.​ Barron's+2Small Business Administration+2Small Business Administration+2  
• Purchasing and installing machinery and equipment.​ Small Business Administration+1Wikipedia+1
• Short- and long-term working capital needs.​
• Refinancing existing business debt.​ Small Business Administration+8Small Business Administration+8Wikipedia+8 
• Purchasing furniture, fixtures, and supplies.​ Small Business Administration+1Wikipedia+1 
• Changes of ownership (complete or partial).​ Small Business Administration 
• Eligibility Criteria: To qualify, businesses must:
• Operate for profit and be considered small under SBA size standards.​ Small Business Administration 
• Be located and operate in the U.S.​ Small Business Administration 
• Demonstrate the need for the loan and intend to use the funds for a sound business purpose.​
• Not be able to secure credit elsewhere on reasonable terms. ​Small Business Administration+1Small Business Administration+1 
• Repayment Terms: Terms vary based on the use of proceeds:​ Investopedia+2Small Business Administration+2Investopedia+2 
• Up to 25 years for real estate. ​Investopedia 
• Typically up to 10 years for working capital or equipment purchases.​
• Interest Rates: Rates can be fixed or variable and are negotiated between the borrower and the lender but are subject to SBA maximums.​

The SBA 7(a) Loan Program offers flexible terms and broad applicability, making it a valuable resource for small businesses aiming to start, expand, or manage operations effectively.