SBA Loans
Whether you need help making expenses or taking advantage of opportunities, we’re proud to offer SBA loans backed by the government, for businesses that might otherwise have difficulty getting approved.
SBA loans can be used to:
- Purchase machinery and equipment
- Purchase, construct, expand or improve a building
- Acquire inventory
- Provide working capital
- Purchase an existing business or open a new business
- Refinance existing business debt on more favorable terms
Key benefits of an SBA loan:
- Personalized service throughout the process
- Generally lower down payments and extended terms
- Improved cash flow through a lower monthly payment
- Additional considerations are taken when deciding maturity*
- Larger loan amount than may otherwise be available
- Lower down payment may be possible
- No balloon payments
*Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed. All Loan products are subject to credit approval.
