SBA Loan Options

Best for: Loan type: Uses: Maximum loan amount: Terms: Interest rates:

SBA 7(a) Loan

 For-profit businesses in a variety of industries, including new or start-up businesses. Business must meet SBA guidelines. Term Loan
  • Working capital
  • Equipment & inventory
  • Commercial real estate
  • Acquisition, startup, expansion
  • Debt refinancing

Up to $5,000,000
  • Working capital: up to 7 years
  • Commercial real estate: up to 20 years
  • All other loans: up to 10 years
  • Variable or fixed rates available
  • Prime + 2.25% - 2.75% based on loan term

SBA 504 Loan

 Businesses that require long-term financing to purchase, expand or construct owner-occupied real estate or purchase major equipment. Business must meet SBA guidelines. Term Loan
  • Acquire construct or renovate commercial real estate
  • Major equipment purchases

Projects up to $12,500,000
  • Equipment: up to 10 years
  • Commercial real estate: up to 20 years
  • Variable or fixed rates available
  • Based on current market rate for 5 and 10 year Treasury Bonds

SBA Express Loan

 New or growing for-profit businesses with borrowing needs up to $1 million. Easier application process than other SBA loan options. Business must meet SBA guidelines. Term Loan or Line of Credit
  • Working capital
  • Equipment & inventory
  • Acquisition, startup, expansion

Up to $350,000
  • Working capital: up to 7 years
  • Lines of credit: up to 7 years

Variable or fixed rates available

SBA CAPLine

 For-profit businesses in a variety of industries, including new or start-up businesses. Business must meet SBA guidelines and business must generate accounts receivable. Line of Credit

Seasonal CAP Lines:

  • Finance seasonal increases of accounts receivable and inventory

Contract CAPLines:

  • Finance the cost of specific contracts
  • Working Capital

CAPLines:

  • Finance short term working capital
  • Operational needs

Up to $5,000,000

Maximum 10 years
  • Variable or fixed rates available
  • Prime +2.25% - 2.75% based on loan term