| USDA B&I Loans | SBA Patriot Express | More SBA Options | |
|---|---|---|---|
| Loan Needs: |
Up to $25 million real estate of fixed assets |
Up to $500,000 |
Intended to help small to mid-sized business owners acquire commercial property without the financial hassles |
| Eligibility: | Project must be in a rural area Majority ownership must be held by US citizen or Permanent resident Any ownership by government or military employees must be less than 20% 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 to help small entrepreneurs start or expand their businesses |
| Specific Eligibility: | The business must have a tangible balance sheet equity position at loan closing/project completion of:
|
Must meet standard SBA Eligibility
|
This newly redesigned program provides financial and technical assistance resources to underserved communities |
| Use of Proceeds: | Real Estate |
Business Start-up Estate Purchases |
|
| Loan Structure: | The Bank funds the loan SBA guarantees 60%-80% |
The Bank funds the loan SBA guarantees 75%-85% |
|
| Collateral: | There must be adequate collateral:
|
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 depending on the use of proceeds |
|
| Loan Terms: | Working Capital - 7 years maximum Equipment - 15 years maximum |
Revolving line of credit available for 12 months to 7 years Term loans up to 25 years depending on the use of proceeds |
|
| Interest Rates: | Fixed or Variable Rates | Variable Rates |
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 |
