Loan Programs

SBA 504 Loan

The SBA 504 program allows business owners to access 90% LTV loans for the purchase or construction of commercial real estate. The loan structure includes a first and a second mortgage allowing for loan to values that are typically not available. The program also provides the stability of competitive fixed interest rates.

  • Up to 25 year term and amortization
  • First Mortgage fixed rates starting at 6.25%
  • Second Mortgage fixed rates starting at 5.00%
  • Up to 90% LTV
  • No balloon payments

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SBA 7(a) Loan

The SBA 7(a) program can be used by business owners to consolidate business debt resulting in increased cash flow. The program can also provide business owners with funding for working capital, tenant improvements or to purchase equipment, real estate and inventory.

  • Up to 25 year term and amortization
  • Rates starting at 5.50%
  • Up to 85% LTV
  • No balloon payments

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USDA B&I Loan

The USDA Business and Industry program provides all of the same benefits as the 7a program with a focus on rural communities. We help small business owners in rural areas to access capital to consolidated or refinance debts, improve existing facilities, purchase or construct new facilities, purchase equipment and purchase inventory.

  • Up to 25 year term and amortization
  • Rates starting at 5.50%
  • Up to 85% LTV
  • No balloon payments

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