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 |