- SBA 7(a) Loan Program: As you look to grow your small business, you may find you need extra financing to cover expenses. An SBA 7(a) Loan can help provide you with financing to manage cash flow, cover the cost of an expansion or new equipment, or refinance debt. SBA 7(a) Loans can help you purchase assets, including machinery /equipment, and refinance debt. SBA 7(a) Loans are designed to provide short or long term financing and may be supported with different types of collateral.
- SBA Express: SBA Express loans have a borrowing limit of $500,000 with a term of 10 years. These loans can be used as a business line of credit or to renovate a property, purchase machinery, or augment working capital. Use an Express business line of credit to grow your inventory; financing is designed to give you more flexible buying power when assets, like inventory, are minimizing liquidity.
- SBA 504 Loan Program: Whether you're buying land, a new building or doing construction on your current space, you may be able to use an SBA 504 Loan. The SBA 504 Loan Program is backed by the government and provides the long-term financing needed to purchase or refinance real estate as well as needed machinery and equipment.
This term loan is the most versatile SBA loan program. It features fixed or variable SBA loan rates, flexible terms, and lower down payment requirements than conventional loans.
Ideal for businesses with less established credit that want to improve cash flow, refinance debt, fund improvements, or purchase equipment or real estate. Like other SBA loans, it features longer terms and lower down payment requirements than conventional loans.
This term loan or line of credit offers fixed or variable SBA loan rates as well as the easiest SBA application process, quick approval times, flexible terms, and lower down payment requirements than conventional loans.
Ideal for businesses with less established credit that want to improve cash flow, refinance debt, or fund improvements, equipment, or real estate. It features the easiest SBA application process and accelerated approval times, plus it offers longer terms and lower down payment requirements than conventional loans.
These combined term loans offered by the bank in participation with a Community Development Organization (CDC) have fixed or variable bank loan rates and offers the highest loan amounts, plus longer-term options, and lower down payment requirements than conventional loans.
Ideal for larger, established businesses that need long-term financing for heavy machinery or the acquisition, construction, or improvement of real estate that is primarily owner occupied. The program features generous loan amounts and offers up to 90% financing.
