Yes, a borrower can have multiple SBA loans over the course of the lifetime of a business, provided a business meets the SBA’s and the lender’s eligibility requirements for every loan received. However, the combined amount of those loans must not exceed SBA program borrowing limits, which varies based on the type of SBA loan. For example, the borrowing limit for SBA 7(a) loans is $5 million to any one borrower and its affiliates.