SBA Loan
Programs

Small Business, Big Opportunity

We guide hundreds of small businesses through the SBA loan process each year. The SBA 7(a) and SBA 504 loan programs provide many advantages for businesses seeking capital.

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Ready to apply for an SBA loan?

As you begin the process of applying for an SBA loan, it is important to know the steps involved and how to best prepare for small business loans. Understanding what your bank needs in the application process ahead of time can make the overall process easier to wade through. Additional preparation, like having a business plan and your financials in order, can help ensure that you are approved for a business loan.

SBA 7(a) Loan

  • Loan Size – $500,000 to $5,000,000
  • Use of Proceeds:
    • Owner Occupied Commercial Real Estate – Purchase, construction and refinance
    • Machinery & Equipment – Purchase and refinance
    • Business Acquisitions
    • Partner Buyouts
    • Working Capital
    • Business Debt Refinancing/Consolidation
    • Business Expansion
    • Franchise Lending
  • Term– 10 to 25 years

SBA 504 Loan

  • Loan Size – $1,000,000 to $10,000,000
  • Use of Proceeds:
    • Owner Occupied Commercial Real Estate – Purchase, construction and refinance
    • Machinery & Equipment – Purchase and refinance
  • Term – 10 to 25 years
Our Lending Process
Qualification

Your Business Development Officer will collect certain documentation so we can perform a thorough initial analysis reviewed by an approving officer. If the approving officer is confident a formal approval is likely, we will issue a Pre-Qualification Letter.

Application

After accepting our Pre-Qualification Letter, the BDO and a Production Coordinator will work with you to gather any outstanding items needed for underwriting. We recommend ordering any required third party reports to help expedite closing.

Underwriting

A formal analysis is completed by your assigned Underwriter. We will schedule a meeting for you to discuss your loan request with the Underwriter and answer his/her questions. Once the analysis is complete, the Underwriter will submit the Loan Report to an approving officer for approval. Upon approval of your loan, a Commitment Letter outlining the terms and closing conditions will be issued.

Processing/ Closing

After we receive your executed Commitment Letter, a Processor will be assigned to obtain the government’s approval and coordinate closing with all relevant parties. The Processor will assist you in gathering documentation and completing any conditions required for closing.

Contact one of our expert specialty lenders

We are dedicated to empowering business owners to transform their dreams into reality. Our expert team members take a consultative approach to the SBA/ USDA journey to ensure you understand each step. Our team coupled with our transparent and efficient process when it comes to government-guaranteed lending is what makes us stand apart from other lenders.

Adam Huber

SBSL National Sales Manager (412) 600-9631

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Akem Durand

VP, Business Development Officer (984) 328-2807

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Alexandria Schwandt

AVP, Business Development Officer (850) 276-9996

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Charles Gillis

VP Business Development Officer (912) 293-1393

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David Moored

VP Business Development Officer (616) 901-0238

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Kandee Cotton

VP Business Development Officer (614) 403-4665

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Ken Glover

VP Business Development Officer (904) 710-1833

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Monty Chambers

VP Business Development Officer (940) 453-0465

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Robert Ruiz

VP Business Development Officer 512) 797-4742

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Colony Bank offers a wide array of services to support you, from personal banking solutions to specialized lending options. Whatever your financial needs, we will help you every step of the way.