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.

USDA B&I

Long-term financing for businesses in qualified rural areas.

State of CA

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

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Compare Loan Solutions
SBA 7A Loan SBA 504 Loan USDA B & I Loan 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. Long-term financing for businesses in qualified rural areas. 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
  • Long-term financing
  • Available to non-profit organizations
  • Longest terms available for Commercial Lending
  • Fees can be financed
  • 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 or Non-Profit
  • Adequate Collateral
  • Equity Requirements
  • Must be in a rural area (as defined by USDA)
  • 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 captial
  • $5 million max SBA portion
  • Up to 25 years for real estate
  • Up to 10 years, or useful life, for equipment
  • $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
  • $2.5 million max loan
  • Guaranteed up to 7 years

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.