SBA 7 (a) Loan

SBA Express Loan

SBA 504 Loan

Minority and Women Prequalification Program

PURPOSE

 

 

 

 

 

 

 

 

 

 

 

 

 

WHO IT'S FOR

Firms with revenues under $25 million, depending on industry average

Firms with revenues under $25 million

The project must be 51% owner occupied

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Net income after tax must be less than $2 million for 3 years

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Tangible net worth of less than $6 million

Minority or women-owned retail, professional, and service firms with revenues under $25 million

LOAN SIZE

$50,000 to $2.0 million

$50,000 to $350,000

$250,000 to $10 million

Up to $250,000

TERMS

Working capital and inventory 5 years

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Equipment up to 10 years

Revolving / or 5 year maturity

 

Working capital 5 years

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Equipment 5 to 10 years

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Commercial Real Estate up to 25 years

COLLATERAL

As applicable to use of proceeds