SBA Guaranteed Loans
SBA guaranteed loans offer small business owners financing on more
favorable terms for a variety of business purposes. Lower down payments and
longer repayment terms mean more of the business working capital stays in
the business where it can generate additional profits for your business.
There are three loan programs that offer distinctive advantages,
depending on your business needs:
SBA 7(a) Program - Offers flexible term financing for
virtually any business purpose with variable rates, long-term repayment (up
to 25 years), and higher leverage for qualified business owners. Excellent
choice for buying or building real property, acquiring a business
enterprise, or buying equipment for your business. Maximum loan $2,000,000.
SBA 504 Program - Offers long-term financing solutions
specifically aimed at acquiring capital assets for business expansion. Use
504 loans for fixed rate acquisition or construction loans for real
property, or for acquisition of capital equipment assets. Some additional
restrictions required related to job creation. Maximum loan $6,000,000.
SBA Express Program - Offers flexible line of credit
financing, with term loan payout (up to 7 years) for business working
capital or smaller business credit needs. Maximum loan $350,000.
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