SBA Loan Program

Our goal is to work closely with lenders and clients to have loans processed more quickly and efficiently than many other funding sources.

There are a number of advantages to an SBA loan, including longer terms, no points, and no balloon payments.

Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail, and service businesses as well as independent or franchise businesses.

• Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
• Wholesale businesses with employees up to 100 regardless of sales volume
• Manufacturers with employees up to 500 depending on the industry, regardless of sales volume
• SBA 7(A) Loan Size $150,000 to $2 Million

• Loan packaging fee: $750 to $2,000
• The fee is based on loan size, it is collected at the time of loan submission; refunded if declined by your credit
• SBA guaranty fee: 1.70% to 2.60% of the loan amount
• Fee can be financed in the loan

• Commercial real estate (purchases, construction, or refinance)
• Leasehold improvements
• Business expansions
• Machinery, equipment, furniture or fixtures
• Business acquisition
• Working capital (offered in conjunction with some of the above)
• Start-ups (ALL Franchises, Motels, Restaurants Gas Stations and C-Stores)

• Business must have the adequate historic cash flow to cover the proposed debt being sought
• Business debt to net worth must meet industry averages
• Borrowers must be actively involved in the day-to-day operation of the business
• Satisfactory personal credit histories are required for all principles and guarantors
• No past bankruptcies or felony arrests