SBA 7(a) loans are SBA’s most common loan program. The loan amounts on the 7A program could go up to $5 million. Its long terms and flexibility makes it attractive to business owners since it can alleviate most of their business necessities, thereby making loans more manageable. The SBA 7(a) loan can be used to purchase or lease equipment and machinery, inject working capital into your business, refinance existing debt, purchase an existing business, purchase furniture, renovate, acquire real estate, fulfill seasonal inventory needs, and much more.