Small Business Loan Overview

SBA 7(a) PROGRAM

The SBA 7(a) Program can be utilized for variety of purposes including business expansions, business acquisitions, commercial real estate purchases, and debt refinancing.

  • The SBA 7(a) program provides maximum loan amounts of $5,000,000
  • Maximum terms may vary according to the purpose of the financing
  • Non-Real Estate purchase transaction maximum term is 10 years fully amortized
  • Commercial Real Estate purchase maximum term is 25 years fully amortized
  • Commercial Real Estate refinance with competitive interest rates
  • Business expansion
  • Leasehold improvements
  • Working capital
  • Equipment and machinery purchase
  • Debt refinance
  • Inventory purchase
  • Up to 90% financing is available and is subject to credit decision

 

504 Loan Program

The 504 program is available for the purchase of commercial real estate projects exceeding the $5,000,000 loan size limit of the 7(a) program.

  • 10% to 15% cash injection depending on the type of property
  • Competitive fixed rates available

 

 

 

 

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