SBA 7A Loan
For small businesses who seek to acquire, expand or grow a business.
| Benefits |
- Long-term financing
- Fully amortized (no balloon payments)
- No prepayment penalty under 15 years
|
| Qualifications |
- For Profit Business
- Minimum 10% down payment, most commonly 20-25%
|
| Terms |
- $5 million max loan
- Up to 10 years, or useful life, for equipment, business acquisition, debt refinancing or working capital
|
SBA 504 Loan
Long-term financing for major fixed asset purchases.
| Benefits |
- Long-term financing
- Down payment as low as 10%
- Fees can be financed
|
| Qualifications |
- For Profit Business
- Minimum 10% down payment
|
| Terms |
- $5 million max SBA portion
- Up to 25 years for real estate
- Up to 10 years, or useful life, for equipment
|
USDA B & I Loan
Long-term financing for businesses in qualified rural areas.
| Benefits |
- Long-term financing
- Available to non-profit organizations
- Longest terms available for Commercial Lending
- Fees can be financed
|
| Qualifications |
- For Profit or Non-Profit
- Adequate Collateral
- Equity Requirements
- Must be in a rural area (ad defined by USDA)
|
| Terms |
- $10 million max loan
- Up to 30 years for real estate
- Up to 15 years, or useful life, for equipment
- Up to 7 years for working capital
|
STATE OF CA Loan
For non-profits and small businesses in California who seek to acquire, expand or grow a business.
| Benefits |
- Available to non-profit organizations
- Ease of use relative to SBA Loans but with shorter maximum terms
|
| Qualifications |
- For Profit or Non-Profit
- Follows Bank structure & terms
- All proceeds must be used in California
|
| Terms |
- $2.5 million max loan
- Guaranteed up to 7 years
|
* Subject to credit approval. Additional terms and conditions apply. Fees may apply.
