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.
| Benefits | SBA 7(a) Loan | SBA 504 Loan |
|---|---|---|
| Ideal for | For-profit businesses including recent acquisitions.
| 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 $20,000,000 and average net income not greater than $6,500,000 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 |
- These refer to government-guaranteed loans offered through the Small Business Administration. Credit is subject to approval. Other restrictions may apply.