Get your small business up and running with help from a community institution that’s been there before.
Key Features
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Competitive Rates
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Lower Down Payments
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Extended Terms
Details
- Available to qualifying small businesses for a wide range of business needs
- Government-assisted help for businesses that might otherwise have difficulty getting approved
- Competitive rates for a wide range of business needs:
- Commercial real estate purchase
- Construction
- Business acquisition or expansion
- Equipment/inventory purchase
- Working capital
- And more
- Several financing options available
- Generally lower down payments and extended terms
- Additional considerations taken when deciding maturity*
- Local decision-making and processing
- Attentive, friendly service from start to finish
*Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed.
SBA Financing Options
Express Loans
- Can be up to $350,000
- Reduced number of government mandated forms and procedures
- The only program that allows revolving lines of credit
- Streamlined processing
Low Doc Loans
- Can be up to $150,000
- Reduced paperwork
- Streamlined approval process
7(a) Loans
- Can be up to $2,000,000
- Minimum loan limit of $350,000
- Repayment terms based on loan purpose
- Streamlined processing
SBA 504 Loans
- Typically, below-market 10- and 20-year fixed rates
- Up to 90% financing on real-estate, equipment, furniture, and fixtures