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An SBA 7(a) loan is the most common way buyers finance a business acquisition in the $500K to $5M range — but the rules are specific and the timeline is longer than most people expect. This guide breaks down how to get an SBA loan to buy a business: down payment requirements, what lenders actually look at, SBA 7(a) vs 504, realistic closing timelines, and the mistakes that kill deals at the finish line. Written from a business broker's perspective for buyers and sellers in th