Commercial Loans
- Equipment & Machinery
- Livestock
- Accounts Receivable & Inventory
- Retail Inventory
- Going Business
- Real Estate Investment
Consumer Loans
- Automobile Loans
- Boats
- Personal Lines of Credit
Real Estate Loans
- Owner Occupied 1-4 Family
- Home Equity Line of Credit
- Improved Commercial/Industrial
- Improved Agricultural Land
- Construction
- Tax Smarts
SBa LOans
We are a market leader in all types of SBA loans specializing in the 504 loan program.
Certified Development Company (CDC), a 504 loan program
FUNCTION: Provides long-term, fixed-rate financing to small businesses to acquire real estate or machinery or equipment for expansion or modernization. Typically a 504 project includes a loan secured from a private-sector lender with a senior lien, a loan secured from a CDC (funded by a 100 percent SBA-guaranteed debenture) with a junior lien covering up to 40 percent of the total cost, and a contribution of at least 10 percent equity from the borrower.
Basic 7(a) Loan Guaranty program
FUNCTION: Serves as the SBA’s primary business loan program to help qualified small businesses obtain financing when they might not be eligible for business loans through normal lending channels. It is also the agency’s most flexible business loan program, since financing under this program can be guaranteed for a variety of general business purposes.
Loan proceeds can be used for most sound business purposes including working capital, machinery and equipment, furniture and fixtures, land and building (including purchase, renovation and new construction), leasehold improvements, and debt refinancing (under special conditions). Loan maturity is up to 10 years for working capital and generally up to 25 years for fixed assets.
Microloan, a 7(m) Loan program
FUNCTION: Provides short-term loans of up to $35,000 to small businesses and not-for-profit child-care centers for working capital or the purchase of inventory, supplies, furniture, fixtures, machinery and/or equipment. Proceeds cannot be used to pay existing debts or to purchase real estate. The SBA makes or guarantees a loan to an intermediary, who in turn, makes the microloan to the applicant. These organizations also provide management and technical assistance. The loans are not guaranteed by the SBA. The microloan program is available in selected locations in most states.
