Business Loans

SBA & Government Programs

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

SBA 7(a) Loan Program

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.
Fixed or other option.

Available Terms:

Up to 25 years on real estate.
Up to 10 years for other fixed assets and working capital.

Borrower Benefits:

Long-term financing with flexible amortizations.
Collateral flexibility with all available collateral pledged.
SBA guarantee of 75%.
Improved cash flow.
No balloon payments.
No prepayment penalty (under 15 years).
Fees and costs may be financed.
No fee for loan amount of $1 million or less.

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.

^{All loans subject to credit approval. Terms and conditions will vary by projects. SBA fee waiver is a limited time offer.}

Meet Our SBA Team

Mike Sullivan

SBA Lender, Government Programs

Email Mike

P: 740-383-8255 x7650 | C: 614-226-8778

Mike has over 30 years of sales experience, primarily in the Business to Business space. Experienced selling into all market segments including manufacturing, food processing, healthcare, office building, lodging, high traffic - travel and entertainment, and government. Mike specializes in working with small business owners to secure financing through SBA government backed loans. Mike has a Master's Degree in Public Relations from Ball State University and a Bachelor of Arts Degree from Salem College, West Virginia. Mike volunteers with the Knights of Columbus and resides in Westerville with his wife and children.

Rob Gray

Commercial Relationship Officer

Email Rob

O: 740-549-3400 x7142 | C: 614-581-9754

Rob has nearly 30 years in banking experience, over half of those helping business customers with their commercial lending needs. Rob’s banking experience also extends to the retail side of banking. Having an expertise in financing, commercial & industrial lending, as well as SBA lending, Rob is able to provide lending solutions to businesses of all sizes in Franklin, Union, Madison, Marion and Delaware counties. Rob is a graduate of The Ohio State University, majoring in Finance. He is a recreational golfer and enjoys college and professional football.

Lori Watson

Governmental Lending Operations Manager

Email Lori

P: 614-269-4459

Lori has over 30 years of banking experience in Columbus Ohio, spending the past few years dedicated to Small Business Administration operations, servicing and lending. Her banking career began after graduation from Miami University. Past experiences include commercial loan portfolio management, loan servicing, marketing, IRA administration and branch management. She uses this knowledge when assisting clients. Lori grew up in Gahanna where she and her husband raised their two daughters. Lori continues to live and work in Gahanna.