Small Business Administration Loans
A Small Business Administration (SBA) loan makes it easier to access the capital your business needs because a portion of the loan is guaranteed by the government. With an SBA loan you generally obtain capital with less equity than with a conventional loan. Whether you are financing to acquire fixed assets for expansion or looking for a longer term with lower equity contributions, work with one of our experienced relationship bankers who specializes in SBA lending to get you started on the right path.
Key Advantages of an SBA Loan:
- Easier loan qualifications with government guarantee
- Generally lower down payments and extended terms
- Special financing for qualifying businesses
- Competitive rates for a wide range of business needs
SBA 7(A) Loans
A versatile SBA loan with longer, more flexible terms and lower equity contributions. Ideal for small and medium sized businesses looking to finance any variety of business expenses, including: commercial real estate purchases and construction, refinance of existing debt, equipment financing, working capital, and business acquisitions.
BENEFITS:
- Up to 90% financing
- Fully amortized/no balloons
- Minimal collateral requirements
LOAN SIZE: | Up to $5 million |
REPAYMENT TERMS: | Up to 25 years |
PRICING: |
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BORROWER TYPE: | For-profit business |
SBA 504 Loans
Designed for business owners who want to purchase fixed assets such as equipment, machinery and real estate. A portion of these loans is guaranteed by the government enabling you to obtain capital with less equity than conventional loan requirements. A 504 loan allows for shared costs with Certified Development Companies (CDCs) to support economic growth.
BENEFITS:
- Up to 90% financing
- Longer loan amortizations
- Fixed or floating interest rates available
- Loan amounts up to $15 million
- Debenture rates published by CDC
LOAN SIZE: | Up to $15 million |
REPAYMENT TERMS: | Up to 25 years |
PRICING: | Floating or fixed |
BORROWER TYPE: | For-profit business |