SBA Loans

The SBA offers numerous loan programs to assist small business owners to start, manage and grow their businesses. Here are some of the most popular SBA loan programs:


7(a) General Small Business Loans

  • Ideal for businesses that may not meet the conventional lending collateral or cash flow requirements.
  • Real Estate Purchase: Business property financing with loan terms up to 25 years. Must be at least 51% owner-occupied.
  • Use: Manufacturing - Showroom - Restaurant - Warehouse. Market - Wrecking Yard - Auto Repair - Gas Station -Machine Shop - Car Wash - Dental & Medical Office - Board & Care – Hotel – Motel - Commercial Land To Build.
  • Loan Purpose: Purchase - Refinance - Construction - Remodeling 
  • Loan Term: 25 years -  Fully Amortized - No Balloon Payment.
  • Business Purchase: Business acquisition financing with loan terms up to 10 years.
  • Debt Refinance: Refinance existing debt with lower interest rates fully amortized with loan terms of 7-25 years.
  • Loan To Value Ratio: Up to 90% of the purchase price or the appraised value
  • Proceeds can be used to provide long-term working capital to use to pay operational expenses, accounts payable and/or to purchase inventory or to purchase equipment, machinery, furniture, fixtures, supplies or materials or to construct a new building or refinance existing business debt or even to establish a new business.
  • 7(a) maximume loan amount is $5 million.

Real Estate & Equipment Loans: CDC/504

  • This program is designed to provide financing for the purchase of fixed assets, which usually means real estate, buildings and machinery, at below market rates.
  • Applicant has a tangible net worth less than $15 million and an average net income less than $5.0 million after taxes for the preceding two years.
  • Provides growing businesses with long-term financing for purchasing land, constructing new buildings, expanding facilities, or purchasing long-term machinery and equipment
  • No working capital permitted
  • Maximum 504 debentures sizes: $5 million for regular loans; $5 million for public policy loans; $5.5 million for small manufacturer loans.

SBA Express Program

  • Rates can be fixed but more often variable, and are tied to the prime rate (as published in The Wall Street Journal) , LIBOR, or the optional peg rate (published quarterly in the Federal Register), but they may not exceed SBA maximums. 
  • Flexible repayment options and longer terms than traditional loans
  • Borrow up to $350,000
  • Maximum SBA Guaranty is 75%.
  • Quick Turnaround - May receive a response to your application in less than 2 days.
  • Use the funds for working capital, equipment, inventory, or real estate purchases, or to expand facilities


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