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"SBA Guaranteed Loan Program"

SBA LoanSmall Business LoanSBA

SBA Loan Department is dedicated to serving the financial needs of small and medium size businesses. We provide decision process, making the loan application faster and easier. We provide financial assistance to assist businesses grow.

SBA Loan Program

An SBA Loan provides financing for various purposes for small businesses under guarantee of the Small Business Administration (SBA), a federal agency created to provide financial assistance for small businesses. Under the Small Business Loan program, selected are able to offer loans to small and medium size business over longer periods of time and for uses, which normally may not qualify.

SBA Loan Qualifications

Any small to medium size businesses may apply for an Small Business Loan. The SBA defines a small business as one that is independently owned and operated for profit. We prefer applicants with two full years of operation.

SBA Loan Purposes

SBA financial assistance is available to establish, preserve, or strengthen small business firms. It could be used as a source of financing for real property, machinery acquisition, or industrial, commercial, retail property development, as well as working capital and inventory purchase.

• Owner-Occupied Real Estate Purchase (at least 51% occupancy is required)
• Business Purchase and Expansion
• Real Estate Refinance
• Machinery and Equipment Purchase
• Inventory Purchase
• Working Capital
• Debt Refinance (Business Related)
• Leasehold Improvement
• Construction

What is a small business?


For business loan purposes, SBA defines a small business as one that is independently owned and operated for profit, not dominant in it’s field, and meets employment or sales/revenue standards developed by the agency. For most industries, the small business standards are as follows:

Retailing & Service: $6 million to $13.5 million

Manufacturing: 500 to 1,500 employees

Wholesaling:
No more than 100 employees

Eligibility:

All types of business are generally eligible Except for:
Real Estate Investment and Other Speculative Activities
Lending Activities
Pyramid Sales Plans
Illegal Activities
Gambling Activities
Charitable, Religious, or Certain Other Nonprofit Institution