| SBA 504 Term Loan |
SBA 7(a) Term Loan |
SBA Community Express | More SBA Options |
|
|---|---|---|---|---|
| Loan Needs: | $250,000 to $4,000,000 real estate or fixed assets | Up to $2,000,000 | Up to $250,000 |
Designed to encourage the commercial financing of rural businesses, to create and save rural jobs and improve the economic and environmental climate of rural communities |
| Eligibility: | For-profit businesses Must qualify as a small business according to SBA guidelines - size varies by industry type Certain types of businesses are not eligible |
For-profit businesses Must qualify as a small business according to SBA guidelines - size varies by industry type Certain types of businesses are not eligible |
For-profit businesses Must qualify as a small business according to SBA guidelines - size varies by industry type Certain types of businesses are not eligible |
Designed for veterans and members of the military community wanting to establish or expand small businesses |
| Specific Eligibility: | Net worth must be less than $7,500,000 Net profit (after taxes) must be less than $2,500,000 during the previous 2 years or meet regular size standard |
Must meet size standards based on NAICS code A general code is no more than $5MM in sales or 500 employees (check with your lender) |
Small Business whose Principal Office is located in a HUB Zone or Community Reinvestment Act (CRA) designated area Or Loans of $25,000 or less that are not located in a CRA, HubZone or HQ District office market |
|
| Use of Proceeds: | Buildings (Purchase, new construction, or renovation) Machinery or equipment (with a minimum useful life of 10 years) |
Land |
Land Buildings Machinery & Equipment Furniture & Fixtures Inventory Working Capital Business Acquisition |
|
| Loan Structure: | The Bank funds up to 50% of the project CDC/SBA funds up to 40% of project Applicant injects remainder |
The Bank funds 100% of the loan SBA guarantees 75% - 85% |
The Bank funds the loan SBA guarantees 75% - 85% |
|
| Collateral: | The Bank loan is secured with First DoT CDC/SBA loan secured with Second All owners of 20% or more must provide personal guaranty |
First secured interest in business assets and/or a mortgage on real estate All owners of 20% or more must provide personal guaranty, may be secured by available home equity |
First secured interest in business assets and/or a mortgage on real estate All owners of 20% or more must provide personal guaranty, may be secured by available home equity |
|
| Loan Terms: | The Bank loan - 25 years (minimum of 10 years) on real estate, 7 years on machinery & equipment SBA loan - 20 years on real estate, 10 years on machinery & equipment |
Working capital - up to 7 years Equipment - up to 10 years (or useful life) Inventory - up to 7 years Real estate - up to 25 years |
Revolving line of credit available for 12 months to 7 years Term loans up to 25 years depending on the use of proceeds |
|
| Interest Rate: | The Bank loan - negotiated rate between borrower and Bank (fixed or variable) SBA loan - below market fixed rate - fixed payment, loan rate set when debenture is sold |
Variable Rate | Variable Rate |
Please Note: This information is accurate as of May 2010. Central Valley Community Bank
reserves the right to make changes at any time as a result of a change of policy, law, and
regulation or otherwise.
Contact Our SBA Department At (559) 323-3384
Learn about other Central Valley Community Bank accounts
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| Cash Management Manage your business's cash flow  Learn More |
Remote Deposit Deposit your customers' checks online anytime day or night Learn More |
Health Savings Accounts The right choice for your health and wealth Learn More |
