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Small Business Administration Lending — How to Use Your Funds

You can use a SBA loan or line of credit to cover many business projects and needs. Get detailed loan use information for your specific business need and find out how you can take advantage of SBA funding to maximize your business opportunities.
Business Acquisition or Expansion
  • Term loan for the purpose of purchasing or expanding an existing business.
  • $25,000 to $2,000,000.
  • Minimum of 15% down-payment.
  • Up to 10 years depending on the collateral type.
  • Principal and interest monthly, fully amortized.
  • Fixed and adjustable rates available.
  • Collateral: All of the business assets along with some owners’ personal assets if needed.
Business Real Estate
  • Term loan to purchase owner/user commercial real estate.
  • $50,000 to $5,000,000.
  • Up to 90% LTV available.
  • Up to 25 years.
  • Fixed and adjustable rates.
  • Principal and interest monthly, fully amortized.
  • Minimum of 10% cash down payment.
  • Collateral: First deed of trust on commercial, office, industrial properties, and other assets as needed.
Construction Loans
  • Loans for ground up construction and/or leasehold improvements of commercial real estate (owner/user).
  • $50,000 to $5,000,000.
  • Up to 80% LTV available.
  • Up to 12 months/adjustable rates.
  • Interest monthly, principal at maturity.
  • Collateral: First deed of trust on commercial, office, or industrial property(s) being constructed, other assets as needed.
Equipment Loans
  • Term loans to purchase new or used equipment.
  • $25,000 to $3,000,000.
  • Up to 100% financing available.
  • Up to 10 years depending on the collateral type.
  • Principal and interest monthly, fully amortized.
  • Fixed and adjustable rates available.
  • Collateral: Existing or purchased business equipment, other assets as needed.
New Business Development Loans
  • Term loan for the purpose of starting a new business.
  • $25,000 to $2,000,000.
  • Minimum of 30% cash down payment.
  • Up to 10 years depending on the collateral type.
  • Principal and interest monthly, fully amortized.
  • Fixed and adjustable rates available.
  • Collateral: All of the business assets along with some owners’ personal assets if needed.
Working Capital or Debt Consolidation Loans
  • Term loan for working capital/debt consolidation.
  • $25,000 to $2,000,000.
  • Working capital — Up to 7 years.
  • Debt consolidation — Up to 10 years depending on the collateral type.
  • Principal and interest monthly, fully amortized.
  • Fixed and adjustable rates available.
  • Collateral: Real property, equipment, deposit accounts, and other business assets.