SBA 7(a) Loans
Transaction Size
$100,000 - $2,000,000
Bridge Business Bancorp's SBA lending experts can make it easy for you to take advantage of sensible alternatives in business funding. Because we work on SBA loans every day, we have the knowledge and experience to cut through the red tape often associated with SBA business lending helping our clients enjoy the benefits of government guaranteed lending. To better learn how you can put one of these programs to work for your business, please review the information below, and contact your Bridge lending representative today.
SBA 7(a) Loan Program
SBA 7(a) loans can be used by small businesses for an array of opportunities including start-up capital, business acquisition, real estate acquisition, equipment finance, working capital, and many other areas. Terms range from 7 to 20 years, depending on the type of project.
Loan Size
Advance Rates
- Debt Refinance - up to 100%
- Real Estate - up to 90% (less for special-use properties)
- Business Acquisition - up to 90%
- Equipment Purchase - up to 90%
- Business Start-up - up to 85%
Maximum Term (Fully Amortized)
- Real estate purchase and refinance - 20 years
- Business or equipment acquisition - 10 years
- Working capital and inventory - 7 years
Collateral
- Business assets, business or personal real estate
Loan Costs
- SBA Guarantee fee - approximately 2.0 to 3.5% of Guarantee amount
- Bank processing fee - $1,000
- Appraisal, environmental, title/escrow, etc.
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