SBA & USDA Loan Information

 

Good If You...

  • Are a Small Business Considering Government-Backed Financing
  • Are an Entrepreneur with Excellent Personal Credit and a Solid Business Plan
  • Operate Your Business in a Rural Area
  • Would Like Assistance from an Experienced, Local Business Banker Who Understands Federal-Backed Lending Programs
 

Features

  • Personalized, Flexible Lending Solutions for Start-ups and Small Businesses
  • Lower Down Payments and Longer Repayment Terms Than Traditional Loans
  • Banker Guidance through the Application, Approval and Closing Process
  • Expertise to Help Your Business Grow and Thrive
 
 

Types of Loans

SBA 7(a) Loans

  • Available for Many Types of For-Profit Small Businesses
  • Can Be Used for Multiple Purposes Including Business Start-up Costs, Property Acquisition or Renovation, Working Capital, Acquiring Fixed Assets or Other Purposes
  • Fixed Maturity Not Based on Collateral Requirements
  • Structured as a Term Loan with Monthly Payments

SBA 504 Loans

  • Available for Many Types of For-Profit Small Businesses
  • Can Be Used for Acquiring Long-Term Fixed Assets, Long-Life Equipment, Certain Working Capital Expenses or Facility Improvements, Including Energy Efficiency
  • Fixed Maturity of 20 Years for Real Estate or 10 Years for Equipment
  • Structured as an Amortizing Loan without Balloon Payments
 

USDA Rural Development Loans (United States Department of Agriculture)

  • Available to For-Profit Businesses Operating in Rural Areas (Generally Population 50,000 or Less) Committed to Expanding Employment Opportunities
  • Can Be Used for Multiple Purposes Including Business Property Acquisition or Renovation, Working Capital, Acquiring Fixed Assets or Other Purposes
  • Fixed Maturity up to 30 Years
  • Structured as a Fully Amortizing Loan without Balloon Payments

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All loans subject to credit approval. Insurance may be required.