SBA Loans

As a preferred Small Business Administration (SBA) lender, we are proud to serve as a trusted resource for your small business needs. Our experienced loan specialists will work to equip your business with the loans it needs to access capital for a variety of strategic goals. We will also help you throughout the process, walking you through eligibility, exploring your options and completing your application and funding.

Our SBA loans help small businesses like yours start, purchase or grow a business by providing financing that can be used for working capital, equipment purchases, debt consolidation and more. We can also customize our loans to meet your precise business needs.

Choose an SBA loan over conventional financing* for these distinct advantages:

• Lower down payment or equity requirements (as low as 10% for real estate purchases)
• Longer terms up to 25 years for greater flexibility and more affordable payments
• Competitive interest rates to help you keep more money in your business

SBA Loan Options

SBA 7(a) – Basic Loans

For general small business loans, the SBA 7(a) loan provides funding for a wide variety of purposes, such as starting up a new business, expansion, purchasing or refinancing real estate, equipment financing needs and more. Small businesses can borrow up to $5,000,000 with an SBA 7(a) loan.

SBA 504 Loans – Certified Development Company

To finance a fixed asset that helps you modernize and expand your business, choose a 504 loan, which offers competitive fixed rates and terms up to 20 years for real estate or 10 years for equipment. It also offers a low down payment requirement as little as 10%. Typically secured with a Certified Development Company, the 504 loan is ideal for the acquisition of real estate, buildings, equipment, machinery and other major business assets.

Contact Business Services at (800) 849-8431 for additional information or stop by your nearest branch

How To Qualify for an SBA Loan

When you apply for an SBA loan, you should ensure you and your business meet the following eligibility requirements:

• For-profit business applicants must be a US citizen or legal permanent resident (no visas)
• You are able to demonstrate repayment ability from the cash flow of your business
• You must provide collateral purchased from loan funds and a personal guaranty to secure the loan
• The business owner should make a personal equity contribution
• You should have a good credit history with little to no criminal history

Join Us

As your small business loan source, we are here for you and your business. To get started, complete our online application or give us a call at (800) 849-8431 today!