How the 7(a) Loan Works
Alacom Finance is authorized to package, process, close, fund, and service 7a loans across the U.S. We also contract with commercial banks, savings and loans, and non-bank lenders to package 7a loans on their behalf.
Borrowers must contribute a reasonable cash equity injection as determined by the federal government and the lender. The balance is provided by the lender and guaranteed up to 80% by the government. Loans over $250,000 are guaranteed at 75%
