Small Business Administration (SBA) Loans

SBA loans are government-guaranteed loans that help businesses get started, expand, and prosper. They are available to new and existing small companies.

Loans guaranteed by SBA can be used for most business purposes, including seasonal financing, revolving credit, machinery and equipment, owner-occupied real estate purchases, or new construction. SBA loans offer more flexible terms, lower down payments, and a broader qualification process when conventional commercial financing may not be available.

SBA 7(a) Loan Program

• For small businesses looking to acquire an existing business, buy owner-occupied real estate or equipment, expand, refinance existing business debt, or keep cash flow moving. 
• Loan amounts up to $5 million with terms extending to 25 years.
• Flexible loan terms, with less money down.
• 7(a) Small Loans: Any 7(a) loan under $350,000 allows for credit scoring by the SBA, meaning faster processing and funding.

SBA Express

• Streamlined approvals for working capital, seasonal needs, and to support accounts receivable and inventory needs.
• Loans and lines of credit up to $500,000 are available
• Typically paired with a 7(a) term loan.

SBA 504 Program

• A partnership with a certified development company, representing the SBA.
• For businesses looking to grow through construction, purchase of land or buildings, or the addition of extended life equipment
• SBA Debenture portion up to $5 million with terms extending to 20 years.
• Below market fixed rate and a low-down payment.
• The Bank portion of the loan looks similar to normal commercial financing.