Small Business Administration Community Advantage 7(a) Loan

TruFund Financial Service, Inc. is an authorized SBA 7(a) lender under the SBA Community Advantage Loan Program. We can make small business loans throughout New York, Louisiana, Alabama, and Texas with our designation.

Terms and Conditions

  • Locations: All states in the United States
  • Amount: $50,000-$250,000
  • Terms: 7-10 years for working capital, business acquisition or expansion, inventory, equipment and supplies, leasehold improvements, debt refinance and/or owner-occupied commercial and/or real estate acquisition
  • Terms: 25 years for real estate
  • Interest Rate: Prime + (3% to 6%), variable


  • Credit: Must have a reasonable personal credit score and an acceptable explanation for any derogatory marks for principal borrowers
  • Capital Injection: Borrowers must inject normally between 10% and 30% of total project costs for start-up businesses and for business acquisition financing
  • Collateral: Borrowers are required to pledge available collateral. Insufficient collateral will not preclude borrower from obtaining financing
  • Secondary sources of repayment:
    – Historical business cash flow sufficient to service requested debt
    – Cash flow ability based on reasonable projections
  • Experience: Business owners must have at least 2 years of experience in the industry and show historical earnings sufficient to cover personal living expenses

Business must be an operating entity. Speculative businesses such as real estate investors, developers or financing entities are not eligible. Must have minimum revenue of $200,000 in prior year. Eligible uses of funds are working capital, business purchase, equipment purchase, debt refinance, inventory purchase, tenant/leasehold improvements.