SBA 504 & SBA 7a

An SBA loan may be an excellent solution for expanding your business, purchasing owner-user commercial real estate, acquiring equipment, renovations to existing facilities ,and more. We help entrepreneurs borrow from $50,000 to $10 million with flexible terms that allow for up to 90% financing for up to 25 years.

Our in house experts can work with you to find the best program for you. They are experienced, knowledgeable, and local, eager to provide expertise and guidance in obtaining SBA funding for your financing needs.

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SBA Express Loans and Lines of Credit

The SBA Express Loan Program is designed to streamline the application process and provide accelerated turnaround time. In addition, lower interest rates are often available when you apply through an Express program.

  • Loans up to $350,000
  • Streamlines documentation and processing
SBA Loan Overview
SBA 7(a) LoanSBA 504 Loan
UsesCommercial real estate purchase, construction, and leasehold improvements

Purchase of equipment and inventory

Refinance existing business debt

Available to provide working capital
Commercial real estate purchase, construction, improvements
BenefitsLonger maturity and amortization than conventional financing

Consideration is given for mixed collateral

Loan to value is higher than conventional financing

Financing available for start-up businesses

Debt coverage can be based on projected cash flow

May be used for refinances

No pre-payment penalty on loans with terms under 15 years

Up to 25 year amortization on Commercial Real Estate

Financing availability

Competitive interest rates

Low down payment conserves working capital

Fixed rates available

25 year fully amortizing term (no balloon payment)
Occupancy requirements51% Existing building

60% Initially for new building construction
51% Existing building

60% Initially for new building construction
TermsUp to 90% financing on general purpose real estate

Up to 85% financing on special purpose real estate and construction

Financing for equipment may be based on its economic life
Up to 25 year amortization

Up to 90% financing on general purpose real estate

Up to 85% financing on special purpose real estate and construction
Interest ratesFixed or adjustable ratesFixed or variable rates
EligibilitySBA 7(a) – Basic Eligibility Requirements for profit businesses

Management expertise

General underwriting criteriaDebt repayment ability, good credit

Collateral – Business and/or personal assets acquisition or expansion requires a minimum 20% capital injection

Start-up businesses require typically a 20% - 30% capital injection and a business plan with projections
Management expertise

Debt repayment ability, good credit

Well-capitalized business, record of profitability

Collateral – Bank up to 60% loan-to-value. CDC/SBA up to 40% loan-to-value, not to exceed 90% maximum combined financing
FeesNo bank points

SBA fee is based on loan amount

Loan packaging fee

Prepayment penalty for the first 3 years for loans with maturities of 15 years or more.
Bank – Based on individual credit request

Debenture – Fee set by CDC

No Yield Maintenance Prepayment Penalty

Bank points may apply