Government Guaranteed Loans

Montecito Bank & Trust offers government-backed lending solutions that keep local businesses growing, all with the service, support, and local expertise you expect from a community bank.

Loan Solutions

SBA 7A

For small businesses who seek to acquire, expand, or grow a business.

SBA 504

Long-term financing for major fixed asset purchases.

SBA Express

Short or long-term financing for working capital, inventory, or equipment.

State of CA

For non-profits and small businesses in California who seek to acquire, expand, or grow a business.

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Loan Solutions
empty	SBA 7A Loan	SBA 504 Loan	SBA Express	State of CA Loan
Program	For small businesses who seek to acquire, expand or grow a business.	Long-term financing for major fixed asset purchases.	Short or long term financing for working capital, inventory or equipment.	For non-profits and small businesses in California who seek to acquire, expand or grow a business.
Benefits	Long-term financing Fully amortized (no balloon payments) No prepayment penalty under 15 years	Long-term financing Down payment as low as 10% Fees can be financed	Short and long-term financing Streamlined process No balloon payments	Available to non-profit organizations Ease of use relative to SBA Loans but with shorter maximum terms
Qualifications	For Profit Business Minimum 10% down payment, most commonly 20-25%	For Profit Business Minimum 10% down payment	For Profit Business Must be in operation for over 2 years	For Profit or Non-Profit Follows Bank structure & terms All proceeds must be used in California
Terms	$5 million max loan Up to 10 years , or useful life, for equipment, business acquisition, debt refinancing or working capital	$5 million max SBA portion Up to 25 years for real estate Up to 10 years, or useful life, for equipment	$500,000 max loan or line 12 months for lines of credit Up to 10 years for loans No balloon payments	$2.5 million max loan Guaranteed up to 7 years