SBA Loan
SBA loans fund a variety of business needs including:
- Business acquisition
- Fixed asset purchases-equipment, vehicles, and machinery
- Start-up business expenses
- Refinancing of existing debt
- As little as 10% down
| SBA 7(a) | SBA 504 | |
|---|---|---|
| SBA Loan Amounts | SBA 7(a) loans have a maximum of $5 million. SBA Express loans have a maximum of $350,000. |
SBA 504 loans have a maximum loan amount of $5 million; your loan maximum is dependent on the size of the project. |
| SBA Loan Terms | Maturity terms for a 7(a) loan depend largely on the ability of the applicant to repay and the purpose of the loan. Below is a list of maximums based on purpose:
|
Maturity terms for a 504 loan are available at 10 years and 20 years. |