In order to succeed, small businesses need the support of a stable financial institution. Offering quick approvals and local decision making, you can benefit from the various lending solutions we have to help you meet your goals, including:
- Working capital revolving lines of credit and term loans
- Commercial mortgage loans
- Leasehold improvement financing
- Financing for acquisitions and business start-ups
- Term financing for equipment purchases
Since SBA loans are guaranteed by the federal agency, businesses can enjoy many benefits such as:
- Lower monthly payments
- Lower interest rates
- Flexible terms
- Fixed and variable rate loan options
- Loan amounts up to $5 million which varies based on the SBA program
General SBA eligibility requirements include:
- Business size and affiliation
- Type of business
- Eligible use of proceeds
- Credit Elsewhere test – can you get financing without financial assistance
- Other special eligibility factors
Beneficial Ownership: Federal regulation requires most legal business entities to provide information about their beneficial owners when opening a new deposit or loan account with a financial institution. For additional information, please review the Beneficial Ownership FAQs.
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