LENDING
1st International Bank = Access to Capital
SBA Loans:
FIB is a nationwide Preferred Lender for the SBA. As a Preferred Lender, we can process your loan faster. We make all types of SBA Loans:
7(a) Loans:
- Loans up to $2 million
- Terms up to 25 Years
- Floating Rates
- Proceeds can be used for the following purposes:
- Purchase Real Estate
- Purchase Equipment
- Leasehold Improvements
- Construction
- Refinance Debt
- Purchase Inventory
- Working Capital
SBA 504 Loans:
- SBA 504 Loans are actually a first lien by a lender and a 2nd lien by an SBA Certified Development Company
- Can be used to purchase Real Estate or Equipment
- As low as 10% down for elgible expansions
- Other Program Details:
| 1st Loan | 2nd (CDC) Loan | |
| Detail Amount | Up to $6 million | Up to $2 million |
| Rate | Variable | Fixed |
| Term | Up to 25 Years | 20 Years for real estate 10 Years for equipment |
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
SBA Express Loans:
- Up to $350,000
- Term Loans
- Reduced SBA Paperwork
- Expedited SBA Processing
Please call 1st International Bank for more details
