Lake County 7(a)

Eligible Uses
This loan provides funding for all of the following:
  • Expanding or renovating facilities
  • Purchasing machinery, equipment, fixtures, and leasehold improvements
  • Financing receivables
  • Augmenting working capital
  • Refinancing existing debt
  • Financing seasonal lines of credit
  • Constructing commercial buildings
  • Purchasing land or buildings
Funding
Funding comes from a financial institution with SBA guaranteeing up to $750,000 or 75%, whichever is less.