Small Business Administration (SBA) provides loan programs for small businesses in eligible industries.

SBA Lending Program Highlights:

  • All for-profit businesses can apply
  • Purchase, refinance, construction, renovation, expansion, or business acquisition
  • Eligible projects can include real estate, furniture, inventory, receivables, and working capital
  • Minimum borrower investment of 10%

SBA 504 Loan Program

  • Up to a 25 year term with no balloon or call
  • Projects up to $5 million
    • 50% bank loan
    • 40% SBA loan
    • 10% borrower’s funds
  • SBA fixed rate second mortgage

SBA 7a Loan Program

  • Loans from $100,000 to $5,000,000
  • Seller held second mortgages allowed

Any offer of credit is subject to credit approval.