Yes. As long as your bank allows it, you can have multiple SBA loans outstanding at the same time, but the total amount borrowed can’t exceed SBA program limits. To qualify for multiple SBA loans, your first loan must be in good standing and you must have positive cash flow, strong credit, and sufficient collateral.
The current limit for the SBA 7(a) program is $5 million maximum. If your business can reasonably sustain payments for them all, you can have multiple loans as long as the total amount outstanding does not exceed that number.