BUSINESS LOANS: Auto Loans | Term Loans | Line of Credit | SBA Loans | Commercial Real Estate
Fuel your ambitions with financial support.
Explore our two exceptional Small Business Administration (SBA) loan programs, designed to turn your entrepreneurial dreams into reality. Whether you're launching a startup, expanding operations, or acquiring assets, our expert team is here to streamline your application process.
SBA 7(a) Program
This program is the most common SBA program. Eligibility depends on factors like industry, credit history, and location. It supports existing business needs, including acquisition, operation, or expansion.
SBA 504 Loan Program
The SBA 504 program primarily supports real estate and equipment financing, excluding day-to-day operations. It facilitates owner-occupied commercial real estate and fixed-asset purchases through local Certified Development Companies (CDCs) dedicated to community economic development and SBA oversight.
Difference between SBA 7(a) and SBA 504
The main distinction is that the SBA 7(a) Program can cover daily business expenses, while the SBA 504 Loan Program cannot be used for this purpose. Additionally, interest rates between these programs vary.
Collaborating with our Business Service team ensures you find the optimal solution tailored to your unique business objectives and circumstances.
Find answers to your most common questions about SBA loans below.
Begin by scheduling an appointment with our Business Services team. SBA loans can be complex and require thorough attention. With our team of SBA professionals, you can concentrate on what truly counts – running a successful business – while we handle the heavy lifting in preparing your application.
The SBA 7(a) program serves a wide range of purposes, including:
The SBA 504 program is primarily intended for financing real estate and equipment, rather than covering day-to-day operational expenses. Common purposes for these funds include:
Obtaining an SBA loan typically takes anywhere from 30 to 90 days, and sometimes even longer. While our Business Services team expedites the application process, it's essential to understand that the approval timeline is primarily determined by the Small Business Administration. SBA loans are valued for their favorable terms, such as low down payments and rates, but they are not known for their rapid processing speed.
Yes, you can access up to $5 million through the SBA 7(a) program and up to $5.5 million through the SBA 504 program. Eligibility is determined based on factors like industry, credit history, and location.
Preparing your documents ahead of time can streamline the SBA loan application process, making it easier and more efficient for securing your loan:
Not all businesses are eligible for SBA financing. Common reasons for SBA loan rejection include:
Schedule a consultation with our experienced team. SBA loan eligibility varies by industry, as determined by the Small Business Administration. During our review process, our Business Services team will assess your financials, asset size, credit history, and other factors to determine your qualification for an SBA loan.
The resource listed below are valuable for entrepreneurs and small business owners seeking guidance and support on SBA loan information:
Rob, who supports both English and Spanish speaking entrepreneurs, brings 29 years of banking experience with him in the retail and business spaces. His members-first mentality and passionate approach ensure satisfaction and comfort throughout the lending process, contributing to his outstanding reputation in the financial industry.
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