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866-946-0120 ext 101
Small Business SBA 7(a) Loans
The SBA 7(a) loan program is designed to help growing
small businesses. The proceeds of an SBA 7(a)
loan may be used for most business purposes.
Loan Uses
- Purchase land or buildings
- Construct or renovate facilities
- Provide working capital
- Purchase machinery, equipment, fixtures
- Purchase inventory
Loan Amount
- From $250,000 to $2,000,000
Interest Rates and Fees
- Both fixed rate and variable rates are available
Repayment Terms
- Up to 25 years for the purchase of real estate
assets
- Up to ten years for business acquisitions, working
capital, and machinery and equipment.
Eligibility
- An applicant business must operate for profit
- A business loan applicant must have reasonable owner
equity to invest
- A business must be able to meet its debt payments,
not just its loan payments
- A business must operate in the United States or its
possessions
- A business must meet a size standard for its primary
business activity, defined by the SBA
Benefits of Borrowing from Small Business Capital
- Quick approvals and fast closings
- Competitive rates
- Knowledgeable employees
- Personal service
- Leading SBA lender since 1979
Small Business SBA 504 Loans
The SBA 504 loan program is designed to provide growing
business with long-term financing for major fixed assets,
such as land purchase and construction. The proceeds of an
SBA 504 loan may not be used for working capital, inventory,
investment property, or refinancing.
Generally, the fixed assets being financed are used as
collateral. Personal guarantees of business owners are also
required.
Loan Uses
- Purchase land or buildings
- Construct or modernize buildings
- Improve grounds or facilities
Loan Amount
- Combined loan amounts up to $6.5 million. (Lender
Small Business Capital portion up to $5 million)
Interest Rates and Fees
- Both fixed rate and variable rates are available
Repayment Terms
- Up to 25 years for the purchase of real estate
- As little as 10% down payment
Eligibility
- An applicant business must operate for profit
- A business must have good credit
- A business must be able to meet its debt payments,
not just its loan payments
- A business must operate in the United States or its
possessions
- A business must meet a size standard for its primary
business activity, defined by the SBA
- Owner-Occupancy 51%
Benefits of Borrowing from Small Business Capital
- Quick approvals and fast closings
- Competitive rates
- Knowledgeable employees
- Personal service
Conventional Small Business Loans
Our conventional loan program serves growing businesses
that require
long-term financing or refinancing for owner-occupied
commercial real
estate. A conventional loan is often the best option for a
business that is
not eligible for an SBA loan.
Loan Uses
- Purchase of commercial real estate
- Ground-up construction
- Expansion
- Refinancing of commercial real estate
Loan Amount
- Up to 85% loan-to-value financing
- Up to $5,000,000
Interest Rates and Fees
- Both fixed and variable rates are available
Repayment Terms
- Up to 25 years
- No balloon payments
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