ONLINE BANKING Secure Login

General Banking Inquiries: 888.494.4599 
 

Personal service and proven expertise
that make an impression.

Loan Program Comparison Chart
 
SBA 7A SBA 504 USDA B&I
Benefits:
  • Lower down payment to conserve working capital
  • Longer term than conventional financing
  • Fully amortized loans
  • Lower down payment to conserve working capital
  • Longer term than conventional financing Fully amortized loans
  • Up to 90% combined loan-to-value on real estate purchase
  • Higher size standards than the SBA 7A program allows
  • Lower down payment to conserve working capital
  • Longer term than the conventional financing
  • Fully amortized loans
  • Up to 80% loan-to-value on real estate purchases, subject to underwriting guidelines
Uses:
  • Purchasing, constructing, or renovating commercial real estate (for owner-users - 51% occupancy)
  • Purchasing of equipment
  • Working capital and inventory
  • Business acquisition and start-ups
  • Refinancing of existing business debt
  • Purchasing, constructing, or renovating commercial real estate (for owner-users—51 % occupancy)
  • Purchase of equipment with a useful life of 15 years or greater
  • Purchase, construct or renovate commercial real estate for owner-users
  • Purchase equipment
  • Develop commercial lease projects
Terms:
  • Real Estate Loans up to 25 years
  • Business Acquisitions up to 10 years
  • Machinery and equipment: up to 10 years
  • Working capital and inventory: up to 7 years
  • Bank loan up to 25 years
  • SBA/CDC loan is 20 years for real estate and 10 years for equipment
  • Real Estate Loans
  • Up to 80% loan-to-value, subject to underwriting guidelines; up to 30 years fully amortized
  • Machinery and equipment; up to 15 years


For more information, please contact the SBA lending department at 866-581-6479 who will connect you with your local SBA expert.

Go to www.sba.gov and www.rurdev.usda.gov/rbs/busp/b&i_gar.htm to learn more about the government's programs.