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The Library · No. 05

SBA 7(a) & 504

For Small-Business Ownership Growth

The federal programs that built Main Street’s balance sheet — and the outcome record, millions of loans deep, that Canine Capital’s underwriting standards are anchored to.

01

The Two Programs

SBA 7(a) is the flagship: loans up to $5 million through private lenders with a federal guaranty, used for working capital, equipment, real estate, and — critically — business acquisitions. SBA 504 pairs a bank with a Certified Development Company to finance fixed assets long-term at fixed rates, with as little as 10% down from the owner.

Together they are the closest thing American small business has to an institutional capital rail — and the reason ownership transitions on Main Street happen at all.

7(a) · up to $5M · guaranteed504 · CDC + bank · fixed assets~10% owner down (504)Acquisition financing
02

The Outcome Record

Decades of program lending produced one of the largest bodies of small-business credit outcomes in existence. Canine Capital’s platform has analyzed and cataloged 2.5M+ of those records — and within them, SBA borrowers rank among the strongest cohorts on record, with more than 90% completion of obligation.

That record — not optimism — is the benchmark Canine Capital’s credit standards are anchored to.

Records Analyzed
0M+
Cataloged by the platform
Completion of Obligation
0%+
SBA borrowers — strongest cohorts on record
7(a) Ceiling
$0M
Per borrower
504 Owner Down
~0%
Long-term fixed-asset financing
About These FiguresOutcome statistics describe the analyzed public small-business lending record, including SBA program data — they are not Canine Capital portfolio performance and not a projection of bond outcomes.
03

Where Canine Capital Fits

SBA programs are extraordinary — and structurally generic. They were not designed around boarding-and-kennel economics: seasonal occupancy, recurring-care revenue, kennel real estate, operator succession. Canine Capital lends where the programs’ timelines and structures pinch, applying the same exit tests established lenders rely on — with underwriting built specifically for this industry.

For operators, that means growth and acquisition capital from a partner who already understands the business; the product isn’t a loan, it’s business ownership.

Anchored to SBA benchmarksIndustry-specific underwritingAcquisition & growth capitalOperator succession

Ownership is the product.

Operators: start a conversation or visit the borrower portal. Investors: see the standard this record sets on the roster.

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