Tap to get financing
Self-Storage Loan
Financing Options
Permanent FinancingLife Company LoansBank LoansBridge LoansCMBS LoansConstruction LoansSmall Balance FinancingSBA 504 LoansSBA 7(a) LoansCompare Financing Options →
Resources
BlogSelf-Storage InsuranceInvestor GlossaryAsset ClassesAsset Types and Attributes
For Brokers About
Get financing →
Newly Published
Aug 26 at Self-Storage Loan
Yield Maintenance
Aug 26 at Self-Storage Loan
Feasibility Study
Aug 26 at Self-Storage Loan
Operating Expenditures
Explore the Janover Network
May 8 at HUD Loans
The 2025 Developer's Guide to HUD Lender Matching
Apr 22 at Janover Inc. Investor Relations
Janover Inc. Announces Corporate Name Change to DeFi Development Corporation
Apr 16 at Janover Inc. Investor Relations
Janover Inc. to Host X Spaces Conversation on NAV Premiums
Was This Article Helpful?
2 min read

SBA 7(a) Loans

SBA 7 (a) loans are a popular financing option for self-storage businesses.

In this article:
  1. SBA 7 (a) Loans for Self Storage
  2. Properties
  3. SBA 7(a) Loan Program Highlights:
  4. 2022 Key Eligibility Criteria for SBA 7 (a) Loan Borrowers 
  5. Get Financing
Start Your Application and Unlock the Power of Choice Experience expert guidance, competitive options, and unparalleled industry expertise.
Click Here to Get Quotes →
$5.6M offered by a Bank$1.2M offered by a Bank$2M offered by an Agency$1.4M offered by a Credit UnionClick Here to Get Quotes!

SBA 7 (a) Loans for Self Storage

Properties

SBA 7 (a) loans are a popular financing option for self-storage businesses in need of short- and long-term working capital, want to refinance the current business debt, or looking to buy or expand a facility. The loan product can also be used to implement renovations or technology upgrades.

These SBA loans are typically issued by banks and credit unions and partially secured by the SBA. The SBA usually guarantees 50% to 90% of the loan amount taking into account the loan size and the borrower’s qualifications. 

Borrowers can take up to $5 million with term lengths extending to 25 years. In case the loan is paid off in the first three years, prepayment penalties are necessary. However, it’s possible to prepay up to 25% per year without a penalty.

SBA 7(a) Loan Program Highlights:

  • Loan Size: Up to $5 million

  • Loan Term: Terms of up to 10 years for working capital and up to 25 years for real estate

  • Interest Rates: Interest rates between 6.25% and 8.75% (as of May 2022), depending on loan size and term

  • Credit Score Requirement: A score of around 680 is typically required

  • Down Payments: Generally requires a 10% to 20% down payment

  • Timing: SBA 7(a) loans can be approved in between one and 10 days, depending on the lender

  • 2022 Key Eligibility Criteria for SBA 7 (a) Loan Borrowers 

    To qualify for a 7(a) loan, an investor must: 

    • Operate as a for-profit business with existing assets or business plans in the U.S.

    • Be considered a small business as outlined by SBA

    • Have invested equity

    • Try alternative financing options, including personal assets, before looking for financial assistance

    • Be able to prove a need for a loan

    • Use the fund for a solid business plan

    • Not be behind on any existing debt obligations to the U.S. government 

    • Back to Financing Options

    In this article:
    1. SBA 7 (a) Loans for Self Storage
    2. Properties
    3. SBA 7(a) Loan Program Highlights:
    4. 2022 Key Eligibility Criteria for SBA 7 (a) Loan Borrowers 
    5. Get Financing

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →

Janover: Your Partner in Growth

At Janover, we offer a wide range of services tailored to your unique needs. From commercial property loans and LP management to business loans and services for lenders, we're here to help you succeed.

Learn more about Janover →
Commercial Property Loans

Get the best CRE financing on the market.

Explore Financing Options →
LP Management

Syndicate deals on autopilot with Janover Connect.

Discover LP Management →
Business Loans

Match with the right kind of loan, in record time.

Find Business Loans →
For Lenders

Supercharge your loan pipeline. Unlock more deals.

Boost Your Loan Pipeline →
Self-Storage Loan

Self-Storage Loan is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Commercial Real Estate Loans, SBA7a Loans, HUD Loans, Janover Insurance, Janover Pro, Janover Connect, and Janover Engage.

Janover Tech Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487

[email protected]

Site Information

Privacy Policy
Terms of Use


For Commercial Mortgage Brokers

This website is owned by a company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively.

Freddie Mac® and Optigo® are registered trademarks of Freddie Mac. Fannie Mae® is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Freddie Mac or Fannie Mae.

This website utilizes artificial intelligence technologies to auto-generate responses, which have limitations in accuracy and appropriateness. Users should not rely upon AI-generated content for definitive advice and instead should confirm facts or consult professionals regarding any personal, legal, financial or other matters. The website owner is not responsible for damages allegedly arising from use of this website's AI.

Copyright © 2025 Janover Tech Inc. All rights reserved.

+

Fill out the form below and get the pricing and terms banks can't compete with.