Small Business Administration (SBA) Loans

• Available for start-up businesses, as well as purchasing, expanding, and refinancing existing businesses
• Government-assisted help for businesses that might otherwise have difficulty getting approved
• Special financing for qualifying businesses
• Competitive fixed and variable rates for a wide range of business purposes:
  • Expand, acquire or start a business
  • Purchase or construct real estate
  • Refinance existing business debt
  • Buy equipment
  • Provide working capital
  • Finance building improvements
  • Purchase inventory 
• A wide range of lending options available
• Generally lower down payments and extended terms
• Attentive, friendly service from start to finish

Loan Size

Loan amount may vary depending on the request, but is limited to $5,000,000.

Interest Rate

• Variable or fixed rate
• Fully amortized through the term of the loan

Terms Available Amortization Periods

• Up to 25 years on commercial real estate, and up to 20 years on farm real estate
• Up to 10 years: equipment, business acquisition
• Up to 10 years: working capital
• All loans are fully amortized
• No balloon payments

Loan Structure

• Equity injection of at least 10% of the total project cost on Change of Ownership transactions and on Start-Ups

Loan Fees

• SBA Fees ranging from 0% to 2.77% of the loan amount depending on loan size
• Fees rolled into loan

Good SBA loan prospects are listed below, but not limited to:

• Business Acquisitions 
• Loans to professionals – Doctors, Dentists, Veterinarians, Pharmacists 
• Pet boarding facilities/pet hotels 
• Real estate financing 
• Franchises (SBA eligible) 
• Service companies 
• Manufacturers and wholesalers 
• Hotels 

Create a Business Plan

One of the best ways to prepare for SBA financing is to develop a business plan. It helps prove you have the data, gameplan, and business skill to be worth the investment. Not sure where to begin? We'll walk you through it.

Get Started