Menu
SBA Loans
Partnering with the Small Business Administration on loans can be beneficial in providing a loan structure that works for you and your business. We listen and recommend the best option for you when expanding your business, purchasing or remodeling a building, buying inventory or equipment, buying out a partner or any other need.
SBA 504 Loans
504 loans are an excellent way to finance the purchase of fixed assets such as real estate and equipment. With a loan structure allowing for low down payments and long-term, low fixed-rate financing, it’s an attractive option for small business owners making qualified real estate and/or fixed asset purchases.
A 504 loan can be used for a range of assets that promote business growth and job creation. These include the purchase or construction of:
- Existing buildings or land
- New facilities
- Long-term machinery and equipment
Or the improvement or modernization of:
- Land, streets, utilities, parking lots and landscaping
- Existing facilities
- Working capital or inventory
- Consolidating, repaying or refinancing debt
- Speculation or investment in rental real estate
SBA 7(a) Loans
This guaranteed small business loan program allows EntreBank to make loans, and the SBA provides a guaranty for a percentage of the loss the bank may incur on the loan. The maximum loan amount is $5 million, and may help businesses that do not qualify for a traditional small business loan.
7(a) loans are not only available to those starting a new business, they can be an excellent financing tool for those who want to expand an established business, buy an existing business, purchase furniture, fixtures, supplies or other financing needs.
Other SBA Loan Programs
SBA Cap Line
Cap lines are designed to help small businesses manage seasonal cash flow needs through the use of revolving lines of credit, with a max loan up to $5 million.
SBA Express
This product offers an easy, streamlined application process and a quick decision from SBA. It can be used for the same financing needs as a regular SBA-7a, and can be structured as term loan or line of credit, with a max loan up to $500,000.
Export Working Capital/ Export Express
If you are doing business overseas, this loan product is designed to help companies get financing on export related Inventory and Receivables. Max Export loan amount is $5 million.
