Question 1

How can an SBA 7(a) loan benefit my podiatry practice?

Accepted Answer

An SBA 7(a) loan can provide flexible, long-term financing to help your podiatry practice grow. Unlike traditional loans that heavily rely on collateral, the 7(a) program prioritizes your business’s cash flow and repayment ability. If you have steady revenue, a solid business plan, and good credit, you may qualify even with limited assets.

Question 2

What are the eligibility requirements for an SBA 7(a) loan for a podiatry practice?

Accepted Answer

To qualify for an SBA 7(a) loan, your podiatry practice must be a for-profit entity with U.S. operations, have good credit, and sufficient cash flow to support repayment.