Small Business Administration (SBA) Lending
SBA loans are government-backed loans which offer small businesses flexible underwriting and favorable terms. As a preferred SBA lender since 1999, our SBA experts will help find the best loan for the needs of your business.
Key Benefits of SBA Loans
Easier Qualifications
Get qualified more easily than with a conventional loan.
Flexible Repayment
Fixed and variable repayments available up to 25 years.
Lower Down Payments
Keep money in your pocket with lower down payment requirements than conventional loans.
The Region’s Top SBA Lender
#1 SBA lender
Trusted partner
Shared goals
Legendary service
How to Apply for an SBA Loan or Line of Credit
Step 1: Consultation
Step 2: Complete an application
Step 3: Get a decision and funding
SBA Loan Comparison
There are different SBA loan solutions to support the needs of your business.
| SBA 7(a) | SBA Express | sba 504 |
|---|---|---|
| Variable or fixed term loan or line of credit | Variable or fixed term loan or line of credit | Variable or fixed term loan |
| Maximum Loan amount | ||
$5,000,000. The total SBA guarantee for any one borrower may not exceed $3,750,000. |
$500,000 |
$5,000,000 $5,500,000 for manufacturers |
| Typical uses | ||
Business Expansion, Acquisition/Partner Buy-out, Franchise, Start-up, CRE, Working Capital, Equipment, Construction, Leasehold Improvements |
Working Capital, Small Equipment, Expansion |
Commercial Owner-Occupied RE, Construction/Major renovations, Large Equipment |
| Financing | ||
Provided through lender |
Provided through lender |
50% provided through lender, 40% through Certified Development Companies, 10% by the borrower* |
| Available loan terms | ||
Up to 25 years for CRE Up to 15 years – equipment with equal or greater useful life Up to 10 years – any other purpose |
10 years for lines of credit Up to 25 years for CRE Up to 15 years – equipment with equal or greater useful life Up to 10 years – any other purpose |
1st Bank Term – cannot balloon prior to 10 years – up to 25 years. CDC /SBA loan fixed up to 25 years based on purpose |
| Borrower equity contribution | ||
Minimum 10%- dependent on the purpose and credit worthiness – Buyouts may be 0% |
10% minimum |
10% minimum |
| Collateral requirement | ||
Business assets and/or real estate dependent on loan purpose |
Business assets and/or real estate dependent on loan purpose |
Business assets and/or real estate dependent on loan purpose |
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