SBA 7(a)

Loan Amounts:

$500,000 - $5,000,000 (Subject to SBA Program Limits)

Interest Rate:

Prime + 1 to 2.75% floating

Loan Term:

7 - 25 year amortization

Prepayment Charge:

1-14 years maturity: None 15-25 years maturity: SBA charges 5-3-1% and None after 3 years

Equity Requirement:

15-25%

Other Criteria:

Citizen or legal permanent resident

Conventional

 

Contact a Business Development Officer regarding other lending programs available through affiliated companies.

 

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