When your small business has big ideas, you need a financial partner that'll get to know you on a personal level. We have a team of lending experts dedicated to Small Business Lending and well versed in the U.S. Small Business Administration (SBA) and other governmental lending programs available to small business owners.
Approved to offer SBA loan products under SBA's Preferred Lenders Program
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Loan Purposes:
- Working capital to support accounts receivable and inventory.
- Working capital to support start-up costs.
- Owner occupied commercial real estate.
- Business acquisition.
- Equipment purchasing.
- Leasehold improvements.
- Debt refinance.
Maximum Loan Amount of $5 Million.
Interest Rates:
- Based on WSJ Prime Rate with quarterly adjustments. Subject to maximum rates by loan amount.
Available Terms:
- Up to 25 years on real estate.
- Up to 10 years for other fixed assets and working capital.
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Borrower Benefits:
- Long-term financing with flexible amortizations.
- Collateral flexibility with all available collateral pledged.
- SBA guarantee of 85% for loans of $150,000 or less.
- Improved cash flow.
- No balloon payments.
- Fees and costs may be financed.
Other Requirements:
- No history of government loan default.
- Minimum equity requirements vary by project. SBA requires at least 10% for start-up or business acquisitions.
- Personal guarantees required.
- All business collateral required.
- Personal collateral required.
- Key Person Life Insurance may be required.
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*All lending products are subject to credit application and approval.
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