SBA 7(a) loans can fund the purchase of established online businesses, usually larger ones with clean financials.
What lenders look at
- Tax returns and financial statements that match the P&L
- Debt service coverage: profit comfortably above loan payments
- Buyer experience and personal credit
- A realistic purchase price backed by a valuation
Down payment and seller notes
Expect to put money down. A seller note can sometimes count toward the equity injection under SBA rules; check current requirements with your lender.
Timing
SBA deals take longer to close, often 60 to 90 days. Agree timelines with the seller in the letter of intent.
Rules change; confirm current SBA requirements with an SBA-approved lender.