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.

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

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.

Our Lending Process

Video: What is the SBA 7(a) loan 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.

SBA Loan Programs

Small Business, Big Opportunity

SBA 7(a) Loan

SBA 504 Loan

Our Lending Process

Qualification

Application

Underwriting

Processing/ Closing

Contact One of Our Lenders