SBA Lending

Benefits:

• Provides financial assistance for small businesses with special requirements.
• Available for acquisitions of existing business, partner buy-outs, real estate and equipment purchases, business expansions and business start-ups.  These purposes can also be combined into a single loan. 
• Ability to refinance business debt under certain conditions.  
• Loan amount up to $5 million based on eligibility factors.  
• Equity injections (down payments) as low as 10%.
• Longer repayment terms (up to 25 years for owner-occupied real estate fully amortized)
• No balloon payments.
• No pre-payment penalties for loans with maturities of less than 15 years.  
• Flexible collateral structure.  

Requirements:

• Be designated as a small business by the SBA.
• Operate as a for profit business in the U.S.
• Demonstrate a need to apply for a loan. 
• No existing debt obligations to the U.S. Government.
• Other restrictions could apply. Contact a Relationship Manager for more details. 

Benefits:

• Ideal for small businesses looking to expand or improve their operations. 
• Provides a long-term, fixed rate financing to promote growth and job creation. 
• Low down payment (normally 10%) to preserve your working capital. 
• Can be used for the purchase of new facilities or long-term machinery or equipment.
• Improving land, utilities, landscaping or existing facilities. 

Requirements:

• Be designated as a small business by the SBA.
• Operate as a for profit business in the U.S.
• Net worth of less than $15 million.
• No existing debt obligations to the U.S. Government.
• An average net income of less than $5 million for two years prior to applying.