SBA Loans

sba

To help businesses that may not qualify for conventional loans get the funds they need to start, grow and expand, we offer government-guaranteed Small Business Administration (SBA) loans.1  Our experience with processing and servicing SBA-guaranteed loans has earned us the designation as a preferred lender, allowing us to speed up the loan approval process significantly.

 

SBA 7(a) Loan

SBA 504 Loan

Ideal for

For-profit businesses including recent acquisitions.
 

SBA Express Option

 

For-profit businesses looking to purchase long term assets such as land buildings or certain equipment with a net worth less than or equal to $15,000,000 and average net income not greater than $5,000,000 for the past two years.  Equity requirement is as low as 10%.
Loan limits

Up to $5,000,000

SBA guarantee cannot exceed $3,750,000.

$50,000 - $5,000,000

($5,500,000 for manufacturing companies)

 

Learn more

Learn more

For more information, or to see if you qualify for a SBA loan, please contact Charles Smith at 617-897-1091 or c.smith@easternbank.com

  1. These refer to government-guaranteed loans offered through the Small Business Administration. Credit is subject to approval. Other restrictions may apply.