Financing options guaranteed by the Small Business Administration (SBA).1
From short and long term loans to revolving credit lines, our SBA products can be used to: start up, expand, or acquire a business; acquire machinery and equipment; purchase inventory; purchase or make improvements to commercial real estate; refinance existing business debt2; or to provide working capital.
What are the benefits of an SBA Loan?
As an SBA Preferred Lender, we can expedite the loan approval process because we make the loan decision within SBA guidelines. We also have a special Support Unit to manage these loans in order to provide more efficiency and speed in the approval and payment.
At least a 10% contribution to the project is required.
Up to 25 years for the purchase or construction of Commercial Real Estate3.
Competitive interest rates
The interest rates are lower than the loans without the SBA guarantee.
The applicant’s collateral will be evaluated at the moment of the transaction.4 There are less rigid collateral requirements when the business has strong cash flow.
Postponement of repayment of principal
Up to 12 months of interest-only payments5.
No prepayment penalties
For loan terms less than 15 years.
We offer management assistance programs through various associations.
You can apply for your loan at any of our
What are the different loan offerings?
SBA 7(a) Loan / Preferred Lender Program
7(a) loans provide long-term financing for a variety of business borrowing needs, such as working capital, business startup or expansion, inventory, leasehold improvements and acquisition of owner-occupied real estate.
The SBAExpress loan program is designed to provide easy access to all eligible use of funds through a 50% SBA backed financing for loans and lines of credit up to $350,000.
SBA Export Express
The SBA Export Express program provides exporters a streamlined method to obtain SBA backed financing for loans and lines of credit up to $250,000.
SBA Veterans Advantage
The SBA Veterans Advantage loan program is designed to provide easy access to all eligible use of funds for veterans and members of the military community willing to establish or expand their small businesses.
The SBA 504 loan program is designed to participate thru a Certified Development Company (CDC) in order to help your small business meet its real estate and capital equipment needs.
What is required to apply?
Depending upon the type of loan you request, the requirements may vary. However, the basic documents you’ll need are:
Financial statements of the business for the past 3 years
Interim financial statement, if the last statement is more than 3 months old
Income and expense forecasts for the next 3 years
Personal financial statements
Business history or plan
Corporate documents, if applicable
Lease agreements, if applicable
Quotes for improvements and/or equipment purchase
Other documents may be requested throughout the process
For additional information:
We are approved to offer SBA loan products under the SBA’s Preferred Lender, Veterans Advantage Lender and SBAExpress Lender programs. Also, we offer financing for the SBA-504 program in participation with certified SBA corporations.
To start the process, download your application
here or visit one of our