We offer a variety of loans to help your small businesss.
We offer two types of SBA loans; the most popular is the SBA 7a loan transaction that has a maximum amount of $5,000,000. The SBA 7a loan is a simple transaction compared to the SBA 504 due to there is one closing, one lender, and one loan. For more information on the loan program, you may review the content page SBA 7(a) or visit sba.gov.
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The SBA 504 loan program is a little different as there are two loans. The same objective is accomplished; however, the lender provides a loan of no less than 50% of the total project. The SBA, through a Certified Development Company (CDC), provides a loan of up to 40% of the total project and the balance is owner equity. The three parts:
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USDA B&I loans are similar to the SBA 7(a) program as it is one loan from Lender. To qualify, most of the collateral must be in a “rural” area with a population of less than 50,000. To see if the address is eligible for a B&I loan click here. B&I loans range from $1,000,000 up to $25,000,000 and do not have the same “small business” size standards.
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