• Up to $25 million
• Real estate or fixed assets

•  Up to $500,000

SBA 504 Term Loans

Intended to help small to mid-sized business owners acquire commercial property without the financial hassles

• 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

SBA 7(a) Term Loans

Designed to help small entrepreneurs start or expand their businesses

• 10% or more (for existing businesses)
• 20% or more (new businesses)

• Must meet special SBA Eligibility guidelines (Check with your lender)

Small Loan Advantage

This newly redesigned program provides financial and technical assistance resources to underserved communities

• Real Estate
• Machinery & Equipment
• Inventory
• Working Capital
• Leasehold Improvements

• Business Start-up
• Business Expansion
• Equipment Purchase
• Working Capital
• Inventory
• Business-Occupied Real Estate Purchases

• The Bank funds the loan
• SBA guarantees 60%-80%

• The Bank funds the loan.
• SBA guarantees 75%-85%.

There must be adequate collateral:

• Real Estate - 80% or less appraised value
• Chattels - using 60%-80% or less appraised value
• Accounts Receivable (

• 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

• Real Estate - 30 years maximum
• 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

• Bank loan - negotiated rate between borrower and Bank (fixed or variable)

• Variable Rates