SBA borrowers can now stack 7(a) and 504 loans to $10 million

The change took effect on July 4. A borrower who takes a 7(a) loan first may now also access up to $5 million through the 504 program, for $10 million in combined SBA-backed financing. The prior cumulative ceiling across both programs was $5 million. The maximum single 7(a) loan is unchanged at $5 million. SBA describes the move as decoupling 7(a) balances from the 504 program, and points to construction, logistics, energy and food production borrowers who pair long-term real estate and equipment financing with working capital. Small manufacturers, who may already take an unlimited number of 504 loans so long as each is tied to a distinct project, may add $5 million of 7(a) on top. Administrator Kelly Loeffler announced the policy on May 18.