Small Business Administration (SBA) Loans

New SBA Fast Track Loan Program - Additional details below

Find a financing solution for your small business with one-on-one attention from our experienced lenders.

  • Government guaranteed loans for new businesses
  • Competitive rates for a wide range of business needs:
    • Commercial real estate purchase
    • Construction
    • Business acquisition
    • Equipment financing
    • Working capital
    • And more
  • SBA 7(a) and 504 term loans and lines of credit available
  • Lower down payment requirement
  • Longer repayment terms offered (lower monthly payments)
  • Higher loan-to-value ratios allowed (easier qualification)
  • Borrow up to 90% of your business financing needs, preserving working capital
  • Projected income (in addition to historical cash flow) taken into consideration
  • No balloon payment at the end of the loan
  • Local decision-making and processing
  • Attentive, friendly service from start to finish

 

 

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Am I eligible?

To be eligible 7(a) loan assistance, businesses must:

  • Operate for profit

  • Be considered a small business, as defined by SBA

  • Be engaged in, or propose to do business in, the United States or its possessions

  • Have reasonable invested equity

  • Use alternative financial resources, including personal assets, before seeking financial assistance

  • Be able to demonstrate a need for a loan

  • Use the funds for a sound business purpose

  • Not be delinquent on any existing debt obligations to the U.S. government

List of potential eligible business types:

  • Assisted living communities

  • Motels, hotels, and B&B's

  • Bars & clubs

  • Business services & office based companies

  • Car dealerships

  • Car wash companies

  • Preschools and daycares

  • Gas and convenience stores

How do I use the 7(a) loan?

Basic uses for the 7(a) loan include:

  • Long- and short-term working capital

  • Revolving funds based on the value of existing inventory and receivables

  • The purchase of equipment, machinery, furniture, fixtures, supplies, or materials

  • The purchase of real estate, including land and buildings

  • The construction a new building or renovation an existing building

  • Establishing a new business or assisting in the acquisition, operation or expansion of an existing business

  • Refinancing existing business debt, under certain conditions