SBA 7 (a) Loan / Preferred Lender Program

Call Us 787-729-​8258​​
Commercial Banking Financing Government Guaranteed Loans (SBA) SBA 7 (a) Loan / Preferred Lender Program

​​​​​​​​​​​​​​​​​​​​The main SBA loan program.

Helps small businesses obtain federally backed financing.


  • Businesses that are:

    • Businesses operating in American territory.

    • ​Individual or Doing Business As (DBA).

    • For-profit.

    • Organized as a sole proprietorship, corporation or professional partnership.

    • Businesses that do not meet the financing criteria of a regular financial institution.

  • Businesses within the size guidelines established by the SBA under the North American Industry Classification System (NAICS).


  • Term loans.

  • SBA guarantee between 75% and 85% depending on loan amount.

  • SBA guarantee between 75% and 85% depending on loan amount

  • Loan of up to $5,000,000.

Maximum Loan Terms:

  • Commercial Real Estate up to 25 years.

  • Other purposes may vary from 5 - 15 years.

Interest Rate:

  • Attractive interest rates imposed by the SBA ranging between 3% and 6.50% over the Prime Rate depending on the financed amount. Fixed or variable interest rates available.

Borrower’s Equity Injection:

  • Minimum ranging between 10% and 15% of total project cost.

Collateral Requirement:

  • Business Assets and/or Real Estate, depending on loan purpose.

Typical Use of Proceeds:

  • Startup, expansion or business acquisition.

  • Purchase of machinery and/or equipment.

  • Working capital.

  • Purchase of inventory.

  • Purchase of commercial property occupied by the owner.

  • Refinancing existing obligation (some restrictions apply).


  • Longer maturity terms.

  • Low injection from borrower's personal funds.

  • Certain closing costs can be financed in the loan.

  • We are an SBA-authorized Bank under the Preferred Lender Program, where we approve the guarantee quickly and directly.

For more information:

Call Us 787-729-​8258​​