An SBA loan may be an excellent solution for expanding your business, purchasing owner-user commercial real estate, acquiring equipment, renovations to existing facilities, and more. We help entrepreneurs borrow from $50,000 to $10 million with flexible terms that allow for up to 90% financing for up to 25 years.

Our in house experts can work with you to find the best program for you. They are experienced, knowledgeable, and local, eager to provide expertise and guidance in obtaining SBA funding for your financing needs.

Summary
  • SBA 504 and SBA 7(a) loans available
  • Available for start-up businesses, as well as purchasing and refinancing existing businesses
  • Government-assisted help for businesses that might otherwise have difficulty getting approved
  • Special financing for qualifying businesses
  • Competitive rates for a wide range of business needs:
    • Commercial real estate purchase
    • Construction
    • Business acquisition or expansion
    • Equipment/inventory purchase
    • Working capital
    • And more
  • A wide range of lending options available
  • Generally lower down payments and extended terms
  • Additional considerations taken when deciding maturity*
  • Local Central Valley decision-making and processing
  • Friendly and experienced service throughout the process

*Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed.

SBA Express Loans and Lines of Credit

The SBA Express Loan Program is designed to streamline the application process and provide accelerated turnaround time. In addition, lower interest rates are often available when you apply through an Express program.

  • Loans up to $350,000
  • Streamlines documentation and processing
SBA Loan Overview
SBA 7(a) Loan SBA 504 Loan

Uses

  • Commercial real estate purchase, construction, and leasehold improvements Purchase of equipment and inventory
  • Refinance existing business debt
  • Available to provide working capital
  • Commercial real estate purchase, construction, improvements

Benefits

  • Longer maturity and amortization than conventional financing
  • Consideration is given for mixed collateral
  • Loan to value is higher than conventional financing
  • Financing available for start-up businesses
  • Debt coverage can be based on projected cash flow
  • May be used for refinances
  • No pre-payment penalty on loans with terms under 15 years
  • Up to 25 year amortization on Commercial Real Estate 
  • Financing availability
  • Competitive interest rates
  • Low down payment conserves working capital
  • Fixed rates available
  • 25 year fully amortizing term (no balloon payment)

Occupancy requirements

  • 51% Existing building
  • 60% Initially for new building construction
  • 51% Existing building
  • 60% Initially for new building construction

Terms

  • Up to 90% financing on general purpose real estate
  • Up to 85% financing on special purpose real estate and construction
  • Financing for equipment may be based on its economic life
  • Up to 25 year amortization
  • Up to 90% financing on general purpose real estate
  • Up to 85% financing on special purpose real estate and construction

Interest rates

  • Fixed or adjustable rates
  • Fixed or variable rates

Eligibility

  • SBA 7(a) – Basic Eligibility Requirements for profit businesses
  • Management expertise
  • N/A 

General underwriting criteria

  • Debt repayment ability, good credit
  • Collateral – Business and/or personal assets acquisition or expansion requires a minimum 20% capital injection
  • Start-up businesses require typically a 20% - 30% capital injection and a business plan with projections
  • Management expertise
  • Debt repayment ability, good credit
  • Well-capitalized business, record of profitability
  • Collateral – Bank up to 60% loan-to-value. CDC/SBA up to 40% loan-to-value, not to exceed 90% maximum combined financing

Fees

  • No bank points
  • SBA fee is based on loan amount
  • Loan packaging fee
  • Prepayment penalty for the first 3 years for loans with maturities of 15 years or more
  • Bank – Based on individual credit request
  • Debenture – Fee set by CDC
  • No Yield Maintenance Prepayment Penalty
  • Bank points may apply