SBA Loans

The SBA Express loan or line of credit is ideal for businesses with less established credit that want to improve cash flow, refinance debt, fund improvements, purchase machinery and equipment, expand a franchise or acquire/improve real estate and grow their business. It features the easiest SBA application process and accelerated approval times, plus it offers longer terms and lower down payment requirements than conventional loans.

SBA 7(a)

Designed for businesses looking to purchase an existing business, expand to another location, buy equipment, acquire land or a building, or a combination.

Ideal for longer term financing for businesses with net worth below $15 million and an average net income below $5 million.

Loan amount is up to $5,000,000.

Terms are up to 7 years for working capital, 10 years for equipment, and 25 years for real estate.

Rates are fixed or variable.

Learn about fees associated with SBA loans.

SBA 504

Designed for businesses looking to expand through land or building acquisition, construction, or equipment purchase.

Ideal for longer term financing for businesses with net worth below $15 million and an average net income below $5 million

Loan amount is up to $6,500,000 for FC Penny.

Terms are up to 20 years on Real Estate and up to 10 years on machinery or equipment.

Rates are fixed or variable.

Learn about fees associated with SBA loans.