SBA Lending
The Small Business Administration (SBA) created a program of government-guaranteed loans designed to help small businesses, which might not normally qualify for credit.
Businesses that might qualify for an SBA Loan include:
- Owner-operated
- Sole proprietorship, corporation or professional partnership
- For profit
Your business must also be:
- Within the SBA designated size guidelines
- Unable to secure other credit with reasonable terms
SBA financing can be used for:
- Working capital
- Equipment
- Inventory
- Commercial real estate – purchase, refinance or construction
- Business acquisition
SBA Loans offer a variety of advantages over conventional financing because you have:
- Longer terms lower down payments
- No balloon payments
- Less restrictive financial covenants
Our SBA lending department staff specializes in SBA lending and can answer your questions and assist you with a variety of loans available including:
- 7(a) loans up to $5,000,000
- 504 Loans
- Express Loans