SBA 7(a) Loan Program
The SBA 7(a) Program is available for most SBA financing requests and can be utilized for a variety of purposes including new business set up, existing business acquisition, commercial real estate buy, as well as debt refinance.- The SBA 7(a) program provides maximum loan amounts of $5,000,000.
– Maximum terms may vary according to financing purpose.
– Non-Real Estate buy transaction maximum term is 10 years fully amortized.
– Commercial Real Estate buy maximum term is 25 years fully amortized.
– 85% Guaranty in effect with loan amounts of less than $150,000.
– 75% Guaranty in effect with loan amounts in excess of $150,000.
– Commercial Real Estate refinance with competitive interest rates.
– Small Business expansion, with leasehold financing as well as working capital.
– Equipment and machinery buy financing is available.
– Small Business debt refinance (from existing Non-SBA financing) is available.
– Inventory buy with competitive rates.
– Up to 90% financing is available and is subject to credit choice.
– Eligibility will be determined by satisfaction of established SBA guidelines.
– Maximum terms may vary according to financing purpose.
– Non-Real Estate buy transaction maximum term is 10 years fully amortized.
– Commercial Real Estate buy maximum term is 25 years fully amortized.
– 85% Guaranty in effect with loan amounts of less than $150,000.
– 75% Guaranty in effect with loan amounts in excess of $150,000.
– Commercial Real Estate refinance with competitive interest rates.
– Small Business expansion, with leasehold financing as well as working capital.
– Equipment and machinery buy financing is available.
– Small Business debt refinance (from existing Non-SBA financing) is available.
– Inventory buy with competitive rates.
– Up to 90% financing is available and is subject to credit choice.
– Eligibility will be determined by satisfaction of established SBA guidelines.
SBA 504 Loan Program
The SBA 504 Program is available for larger financing requests exceeding the SBA borrower financing limit of $5,000,000.
– SBA 504 program is an economic development program designed by the US SBA to help in the financing of fixed assets for small businesses.
– SBA 504 financing requirements include participation with a third party lender, with maximum financing of 50% of the requested loan amount provided by Bank.
– Minimum down payment of 10% required.
– SBA 504 financing is provided if the total financing request exceeds the SBA established limit of $5,000,000.
– Eligibility will be determined by satisfaction of established SBA guidelines.
– Minimum down payment of 10% required.
– SBA 504 financing is provided if the total financing request exceeds the SBA established limit of $5,000,000.
– Eligibility will be determined by satisfaction of established SBA guidelines.
Eligible Borrowers:
– For-profit, non-publicly traded businesses.
– Tangible business net worth not to exceed $15 million.
– Average net income of the business not to exceed $5 million over the previous two years.
– Personal liquidity of each principal/guarantor not to exceed the total project costs of the proposed 504 loan.
– Ownership must be comprised of 51% U.S. citizens or Legal Permanent Residents.
– For-profit, non-publicly traded businesses.
– Tangible business net worth not to exceed $15 million.
– Average net income of the business not to exceed $5 million over the previous two years.
– Personal liquidity of each principal/guarantor not to exceed the total project costs of the proposed 504 loan.
– Ownership must be comprised of 51% U.S. citizens or Legal Permanent Residents.
For more information, contact us at (310) 356-6500