Small Business Loan Programs
The Small Business Administration (SBA) is a great resource for new and growing small businesses. Your small business may qualify for financing more easily and receive more flexible terms through SBA lending, which can help preserve your working capital for other expenses.
SBA 7(a)
The SBA 7(a) loan program helps provide working capital for business needs, from general operation expenses to expansions. Whether purchasing new equipment, real estate growth or working capital, this SBA business loan has the flexibility you're looking for. SBA 7(a) loans provide working capital for business needs, from general operation expenses to expansions. SBA 7(a) loans also feature longer loan terms and no balloon payments.
SBA 504
The SBA 504 loan program is a great choice for owner-operated, for-profit businesses. Through the SBA 504 loan program, business owners can receive up to 90% financing for the purchase, construction, and renovation of owner-occupied real estate or for purchasing machinery and equipment. SBA 504 loans feature fixed rates available at 10, 20 and 25 year and up to 90% financing.
SBA Express
The SBA Express loan program features an easy application process and accelerated approval times, which makes this a popular choice for small businesses. SBA Express loans offer longer terms and lower down payment requirements than conventional loans. Plus, the SBA Express loan program features accelerated approval and flexible repayment terms.