SBA Loan Program

We have been designated as a Preferred Financial Services companyby industry leading SBA lenders to have loans processed more quickly and efficiently than many others.

There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.

  • SBA 7a Loans from $5,000 up to $5,000,000
  • SBA 504 loans from $500,000 up to $15,000,000
  • Conventional loans from $100,000 up to $15,000,000(+)
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Who is Eligible for an SBA Loan?
Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.

Loan Qualifications

  • Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
  • Wholesale businesses with employees up to 100 regardless of sales volume
  • Manufacturers with employees up to 500 depending on the industry, regardless of sales volume
SBA 7(A) Loan Size $150,000 to $5.0 million

Loan Fees

  • Loan packaging fee: $750 to $2,000
  • Fee is based on loan size, it is collected at the time of loan submission; refunded if declined by credit
  • SBA guaranty fee: 1.70% to 2.60% of the loan amount
  • Fee can be financed in the loan

Contact us today about our SBA Loan Programs and other services.

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Use of Proceeds

  • Commercial real estate (purchases, construction, or refinance)
  • Leasehold improvements
  • Business expansions
  • Machinery, equipment, furniture or fixtures
  • Business acquisition
  • Working capital (offered in conjunction with some of the above)
  • Start-ups (ALL Franchises, Motels, Restaurants Gas Stations and C-Stores)

Other Credits Considerations

  • Business must have adequate historic cash flow to cover the proposed debt
  • Business debt to net worth must meet industry averages
  • Borrowers must be actively involved in the day-to-day operation of the business
  • Satisfactory personal credit histories are required for all principles and guarantors
  • No past bankruptcies or felony arrests