SBA Loans

 

Loan 

 

Maximum Loan Amount Type of Loan Benefits
7(a) Loans $5 million gross

 

  • Term loan
  • Expansion/Renovation
  • New construction
  • Purchase of land or buildings
  • Purchase equipment, fixtures
  • Lease-hold improvements
  • Working capital
  • Refinance debt form compelling reasons
  • Seasonal line of credit
  • Inventory or starting a business 
  • Long-term financing
  • Improved cash flow
  • Fixed maturity 
  • No balloons
  • No prepayment penalty (under 15 years)
Small Loan Advantage (SLA) $350,000
  • Same as 7(a)
  • Covers all loans $350,000 and under, except the Express programs
  • Same as 7(a)
  • Fast turnaround
  • Processed in-house
SBA Express $350,000
  • May be used for RLOC's (up to 7 year maturity) 
  • May be used for term loan (same as 7(a))
  • Easy-to-use line of credit
  • Fast turnaround
  • Processed in-house
SBA Veterans Advantage $350,000
  • May be used for RLOC's (up to 7 year maturity) 
  • May be used for term loan (same as 7(a))
  • Same as SBA Express
  • No guaranty fee up to $150,000
  • Fast turnaround
  • Processed in-house

Caplines:

  • Working capital
  • Contract
  • Seasonal
  • Builders
$5 million
  • Seasonal and/or short term WC
  • Cost to perform
  • Construction costs
  • Advances against existing inventory and recevables
  • Consolidation of short-term debts
  • May be revolving 
  • Working Capital (LOC) Revolving LOC
  • Contract-can finance all costs (excluding profit)
  • Seasonal-Seasonal working capital needs
  • Builders-direct costs building a commercial or residental structure
Export Express $500,000
  • May be used for RLOC's (up to 7 year maturity) 
  • May be used for term loan (same as 7(a))
  • Standby letters of credit
  • Fast turnaround
  • Streamline process
  • Easy-to-use line of credit