| SBA Program | Maximum Loan Amount | Maximum Term | Repayment Terms | Maximum SBA Interest Rates – Adjusts Monthly |
|---|---|---|---|---|
| 7(a) Term Loans | Up to $5,000,000 | Working Capital: 7 years Equipment: 5-15 years Real Estate: 25 years |
Monthly payment of principal and interest over term of loan | Term <7 yrs Base Rate P+2.25 Term > 7 yrs Base Rate P+2.75 Loan <$25M increase rate by 2.0% Loan >$25M < $50M increase rate by 1.0% |
| Express Term Loan | Up to $350,000 | Same as 7(a) | Same as 7(a) | Loan <$50M Base Rate P+6.5 Loan >$50M Base Rate P+4.5 |
| Export Express Term Loan | Up to $500,000 | Same as 7(a) | Same as 7(a) | Same as 7(a) |
| Veteran Advantage Term Loan | Up to $350,000 | Same as 7(a) | Same as 7(a) | Same as 7(a) |
| Export Working Capital Loan | Up to $5,000,000 | 3 years | Tied to use of proceeds | Same as 7(a) |
| Express Revolving Line of Credit | Up to $350,000 | 7 years | Interest Monthly, Balance should revolve over term of loan | Loan <$50M Base Rate P+6.5 Loan >$50M Base Rate P+4.5 |
| Export Express Revolving Line of Credit | Up to $500,000 | Same as Express RLOC | Interest Monthly, Balance should revolve over term of loan | Loan <$50M Base Rate P+6.5 Loan >$50M Base Rate P+4.5 |
| Veteran Advantage Revolving Line of Credit | Up to $350,000 | Same as Express RLOC | Interest Monthly, Balance should revolve over term of loan | Loan <$50M Base Rate P+6.5 Loan >$50M Base Rate P+4.5 |
| CapLine – Seasonal, Contract, Builder, Working Capital | Up to $5,000,000 | Builders – 5 years All others – 10 years |
Tied to use of proceeds | Same as 7(a) |
| 504 Loan Program | Total Project up to $12,500,000 Financial Center Portion $6,250,000 SBA Portion $5,000,000 Borrower Portion $1,250,000 |
Real Estate Bank: up to 25 years SBA: 20 years |
Monthly payment of principal and interest over term of loan | Financial Center: Market Rates SBA: Debenture Rate fixed for term |
Loan Purpose:
– Refinance debt
– Purchase equipment
– Working capital
– Commercial real estate
– Residential real estate
– Finance purchase order inventory
– Purchase franchise
– Buy business
– Buyout partner
– Start business
– Payroll immediate
– Remodel expansion
– Fund growth
– Sales marketing
Let us put our experience and expertise to work for you. Call us (310) 356-6500