7(a) loans

CTC is a Community Advantage Pilot Loan Program lender authorized by The U.S. Small Business Administration (SBA) to make 7(a) loans to borrowers located in Guam and the Commonwealth of the Northern Mariana Islands.

The 7(a) Loan Program, SBA’s primary business loan program, provides loan guaranties to lenders that allow them to provide financial help for small businesses with special requirements. 7(a) loans can be used for: 

• Acquiring, refinancing, or improving real estate and buildings

• Short- and long-term working capital 

• Refinancing current business debt 

• Purchasing and installation of machinery and equipment, including AI-related expenses

• Purchasing furniture, fixtures, and supplies 

• Changes of ownership (complete or partial)

• Multiple purpose loans, including any of the above