SBA loan basics
Short answer
Yes, an SBA 7(a) loan can typically include eligible closing costs related to a business acquisition, such as attorney fees, appraisal costs, and loan packaging fees.
Loan proceeds can finance reasonable and customary costs directly associated with the eligible use of funds. For acquisitions, this includes professional fees and other closing expenses necessary to complete the transaction.
If a business acquisition costs $1,000,000 and has $50,000 in closing costs (legal, appraisal, environmental reports), the SBA 7(a) loan can often be structured to include these $50,000.
Lenders verify that all included closing costs are reasonable, customary, and directly related to the eligible loan purpose. They ensure these costs are properly documented and disclosed.
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 2026-06-14. Official sources control — verify before relying on any rule for a live deal.
Last reviewed 2026-06-14 · SBA sources checked through 2026-06-14. 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.
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