Use of Proceeds

The text fields allow you to enter dollar amounts for one or more of the following use of proceeds:

Purchase Land
Purchase Land and Improvements
Purchase Improvements
Construct Building
Add to Existing Building
Renovate Existing Building
Pay Off Interim Construction Loan
Pay Off Lender's Interim Loan
Leasehold Improvements
Purchase Equipment
Purchase Furniture and Fixtures
Purchase Inventory

Pay Trade or Accounts Payable
Pay Notes Payable (not Same Institution Debt)
Pay Notes Payable (Same Institution Debt)
Purchase Business Asset
Purchase Business Stock
Refinance SBA Loan (Not Same Institution Debt)
Refinance SBA Loan (Same Institution Debt)
Working Capital
SBA Guaranty Fee
Other

The Use of Proceeds section must be completed so the applicant's SBA loan payment can be computed.

7(a) loan proceeds may be used to establish a new business or to assist in the operation, acquisition or expansion of an existing business. Eligible use of proceeds include, but are not limited to:

purchase of land or buildings, to cover new construction as well as expansion or conversion of existing facilities
acquiring equipment, machinery, furniture, fixtures, supplies, or materials
long-term working capital, including the payment of accounts payable and/or for the purchase of inventory
refinancing existing business indebtedness that is not already structured with reasonable terms and conditions
short-term working capital needs, including:
- seasonal financing
- contract performance
- construction financing
- export production
- financing against existing inventory and receivable under special conditions
purchasing an existing business.