Government Guaranteed Lending

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