Small Business Administration (SBA) Loans
Why SBA?
- Longer Repayment Terms¹
- Lower Down Payments²
Who's Eligible?
- For-profit
- Privately Owned
- Eligibility is determined by business structure, credit profile, industry, and collateral
How do I apply?
Small Business Administration (SBA) Loan Programs
SBA 7(a)
SBA 7(a) loans are the most common SBA financing option used by businesses. They can be used for various purposes, including working capital, refinancing debt, and making expansions or improvements to your business.
- Loans up to $5,000,000
- Business Acquisitions (Partner buy-out, Expansion, etc.)
- Fixed Asset Purchases
- Refinancing
- Working Capital
SBA Express Loan
The SBA Express is a financing option that allows small businesses to access funding more quickly than traditional SBA loans.
- Loans up to $500,000
- Quick Turn-around
- Revolving Lines of Credit
- Term Loans
Working Capital
The SBA offers options for business working capital loans designated specifically to assist small businesses in growth capital and managing cash flow more effectively.
- Loans up to $5,000,000
- More flexible ways to obtain working capital
- Transaction Based Lines of Credit
- Asset Based Revolving Lines of Credit
504 Loan
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets that promote business growth and job creation.
- Loans up to $5,500,000
- Fixed Asset Financing (Building, Real Estate, Equipment, etc.)
¹ Customers may finance with a longer term which decreases their monthly payment, but may increase the total interest paid over the life of the new loan.
² Lower down payments may result in higher monthly payments and a higher loan balance.
All financing is subject to credit approval and determination of SBA eligibility. Additional collateral may be required. Other restrictions and requirements may apply. For a complete disclosure of all current rates, fees, terms and conditions, please contact a Bank7 Customer Service Representative.