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The 504 SBA Loan Program provides long term financing for major fixed asset
purchases. This program provides loans from $250,000 to $2 million in financing
to small businesses and USDA loans up to $4 million. It is designed for corporations, partnerships, and
proprietorships with a net worth not to exceed $6 million.
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The 7A SBA Loan Guaranty Program provides the Bank up to 75% guaranty on
Long term loans when the proceeds of the loan are used for fixed asset
purchases, working capital, or the refinance of existing debts for
owner-occupied businesses.
 How do SBA
Loans work?
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 The U.S. Small Business Administration (SBA) was created by Congress in 1953 to
help America's entrepreneurs form successful small enterprises. SBA loans
are not actual government loans. They are, in fact, loans from a lender
that are guaranteed by the U.S. Small Business Administration. Most often SBA
loans provide funding for small businesses that are unable to obtain more
traditional financing. For loans over $150,000, the SBA guarantees up to
75 percent of the loan.
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DOWNLOAD LOAN APPLICATION PACKET
Recommend to SAVE to your hard drive before opening.
REAL ESTATE FINANCING
504 SBA Loan for Purchase of Real Estate -
Minimum bank project size is $250,000
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Portion funded by bank, a portion funded by CDC
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10-15% Down Payment
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10-20 year term
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Variable or fixed interest rate
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Bank fees range from 1% - 2.5% of the loan amount - SBA fee is 2.5-3.5%
7A Loan for Purchase of Real Estate -
Minimum bank loan is $250,000
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Loan funded by the bank, SBA guarantees 75% up to $2 million. (USDA loans
guaranteed up to $4 million).
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10% Down Payment (of total cost)
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25 year maximum term
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Variable interest rate
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Bank fee may be as high as $1,500; SBA fee is 2.5-3.5% of loan amount
EQUIPMENT FINANCING
504 SBA Loan for Purchase of Equipment -
Minimum bank project size is $250,000
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Portion funded by bank, a portion funded by CDC
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10% Down Payment
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7-10 year term (equipment must have 10+ year life expectancy)
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Variable or fixed interest rate
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Loan Fees range from 2.5-3.5% of the loan amount
7A SBA Loan for Purchase of Equipment -
Minimum bank loan is $250,000
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Loan funded by the bank, SBA guarantees 75% up to $2 million. (USDA loans
guaranteed up to $4 million).
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20% Down Payment (of total cost)
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10 year term
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Variable interest rate
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Bank fee may be as high as $1,500; SBA fee is 2.5-3.5% of loan amount
CAPITAL/LOAN REFINANCING
7A SBA Loan for Working Capital/Refinancing -
Minimum bank loan is $250,000
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Loan funded by the bank, SBA guarantees 75% up to $2 million. (USDA loans
guaranteed up to $4 million).
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7 year term
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Variable interest rate
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Bank fee may be as high as $1,500; SBA fee is 2.5-3.5% of loan amount
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SBA Loans funded through a preferred lender
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Do you Qualify? Find out NOW!
While government guaranteed loans are most often used by small businesses who
are having difficulty securing traditional funding, there is very specific
criteria which must be met in order to qualify for an SBA loan.
Click here to
find out more.
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