7(a) Loans:
- Loans up to $2 million
- Terms up to 25 Years
- Floating Rates
- Proceeds can be used for the following purposes:
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Purchase Real Estate
Purchase Equipment
Leasehold Improvements
Construction
Refinance Debt
Purchase Inventory
Working Capital
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SBA 504 Loans:
- SBA 504 Loans are actually a first lien by a lender and a 2nd lien by a SBA Certified Development Company
- Can be used to purchase Real Estate or Equipment
- As low as 10% down for elgible expansions
- Other Program Details:
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1st Loan |
2nd (CDC) Loan |
| Detail Amount |
Up to $6 million |
Up to $2 million |
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| Rate |
Variable |
Fixed |
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| Term |
Up to 25 Years |
20 Years for real estate
10 Years for equipment |
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Patriot Express Loans:
- Up to $500,000
- Available for Veteran, Active Duty Military Personnel, Service-Disabled Veterans, Reservists, National Guard, and Spouses
- Variable Rates
- Terms up to 25 Years:
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SBA Express Loans:
- Up to $350,000
- Term Loans
- Reduced SBA Paperwork
- Expedited SBA Processing
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Master
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