SBA 7(a) Q&A
Short answer
Yes, reasonable and customary closing costs, including attorney fees, appraisals, and environmental reports, are eligible to be included in the total project costs financed by an SBA 7(a) loan.
The total project cost for an SBA 7(a) acquisition loan typically includes the business purchase price, real estate (if applicable), working capital, and eligible closing costs. These costs are a legitimate part of the transaction and can be financed as part of the loan, rather than counting towards the buyer's equity injection.
A buyer is acquiring a business for $700,000. In addition to the purchase price, there are $25,000 in closing costs (legal, appraisal, environmental). The SBA loan can be for up to $725,000, and the buyer's equity injection would be 10% of this total project cost, or $72,500.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
7(a) Loan Program — Terms, Conditions, and Eligibility
U.S. Small Business Administration · Official SBA source
SOP 50 10 - Lender and Development Company Loan Programs
Last checked 2026-06-13. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-13 · SBA sources checked through 2026-06-13. DealRoom analysis of public SBA 7(a) lending records (FY2020–present). Grounded in the current SBA rulebook; verify against the official sources above before relying on it for a live deal. Not legal, tax, or financial advice, and not an approval decision.
More on what counts toward the 10%
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