SBA Term Loans
Finance a wide range of business needs
Grow your business on your terms
Our SBA lenders partner with you to deliver tailored financing solutions for your growing business's short- and long-term needs. With decades of experience working with multiple markets and industries, we're dedicated to navigating you through every touchpoint of the SBA's 7(a), 504 and Express loan options.
Preserve capital
Lower down-payment requirements let you hold onto funds or deploy them elsewhere within your business.
Enhance cash flow
Longer amortizations help your business spread out loan payments and manage cash flow over time.
Optimize collateral
No loan-to-value requirements allow you to borrow funds with limited collateral.
SBA term loan programs
SBA 7(a) loans |
SBA 504 loans |
SBA Express loans |
|
---|---|---|---|
Use of proceeds |
Most flexible use of proceeds including acquisition, partner buyout or buy-in, startup, expansion, working capital, equipment inventory, debt refinance, construction, renovation, leasehold improvements, franchise financing and commercial real estate |
Commercial real estate and equipment acquisitions |
Working capital and most business asset purchases, excluding titled vehicles |
Loan amount |
$500,000 to $5,000,000 |
Up to $13.5 millionD |
$50,000 to $500,000 |
Down paymentD |
Up to 100% financing available |
As low as 10% |
100% financing |
TermD |
Longer terms with repayment up to 25 years for real estate; for all other uses, up to 10 years full amortization with no balloon payments; initial flexible payment schedules to assist during business ramp up or transition period |
Up to 25 years for commercial real estate and up to 15 years for equipment |
Up to 10 years full amortization with no balloon payments; initial flexible payment schedules |
Prepayment penalty |
Prepayment penalties apply to loan terms of 15 years or more |
Prepayment penalties apply |
None |
The SBA term loan process
Whether you're starting a business, acquiring one or expanding your existing operations, we can work with you to deliver the capital needed to bring your business positive results.
Discuss options
Consult with an experienced SBA lender to discuss your business plans and financing needs and determine an ideal loan structure.
Application
Our specialists provide a list of required SBA documentation and guidance along the way.
Underwriting
Our SBA underwriting team reviews the request and decisions the loan.
Closing
Upon approval, our SBA closing team provides a checklist and guides you through the final phase of your loan.
Continue partnership
After closing, you'll gain access to our branch network, a local banker, online business banking resources and our SBA servicing team.