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Which SBA Loan Works For Your Business?

SBA 7(a) Small

SBA 7(a) Standard

SBA 504

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SBA 7(a) Small

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From $50,000-$350,000

SBA 7(a) Standard

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From $350,000 up to $5 Million

SBA 504

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Online application and streamlined processing. Prequalification in five minutes. Approval times in as few as two weeks. Loan structure varies, depending on use of proceeds. 100% financing of new equipment and vehicles. Fully amortizing.	Varies – depending on the use of proceeds. 10% down payment generally required. Fully Amortizing.	50% 1^st Mortgage/Lien Bank Loan 40% 2^nd Mortgage/Lien SBA 504 Loan 10% Down Payment

Up to 25 years. 25 years for Real Estate. 10 years for Goodwill, Equipment, Working Capital in most cases. Term can be blended across several asset classes.	Up to 25 years. 25 years for Real Estate 10 years for Goodwill, Equipment, Working Capital in most cases. Term can be blended across several asset classes.	10 year balloon on bank 1^st Lien with an amortization schedule of up to 25 years. 25 years fully amortizing SBA 504 2^nd Lien.

Use of Proceeds

Refinance Existing Debt. Purchase Equipment and Machinery. Provide Working Capital. Leasehold Improvements. Purchase Inventory. Purchase Commercial Real Estate. Acquire an Existing Business, including Goodwill. Buyout a Business Partner.	Acquire an existing business, including goodwill. Start a Business or Franchise. Purchase or Construct Commercial Real Estate. Refinance Existing Debt. Purchase Equipment and Machinery. Provide Working Capital. Construct Leasehold Improvements. Purchase Inventory.	Purchase or Construct Commercial Real Estate. Purchase or Improve Commercial Real Estate. Purchase Equipment. May only be used for fixed asset financing- Real Estate and Equipment/Machinery.

Program Requirements

FICO score of 680 or greater. Debt service coverage of 1.15x.	51% Owner Occupancy of Commercial Real Estate. 80% Occupancy on new construction. Equipment is amortized over 10 years or its documented useful life.	51% Owner Occupancy. 80% Occupancy on new construction. Equipment financed for up to 10 years.

1st lien on Subject Assets acquired/financed with loan proceeds.	1^st Lien on Subject Assets acquired/financed with loan proceeds. Personal Guarantees of 20% or more equity in the personal real estate. Life Insurance may be required.	1^st Lien on Subject Fixed Assets acquired/financed with loan proceeds. Personal Guarantees of 20% or more owners. Life Insurance may be required.

Packaging fee of 1%, up to $2,500 (whichever is less). Fees are financed in the loan.	SBA Guaranty Fee – Averages 2.5%+/- of the loan amount. Self-Funding Program. Fees are financed in the loan.	2^%of the 2^nd Lien Amount – SBA Fee. Bank Fees Vary, 1% of the 1^st and 2^nd lien is typical. Fees can be financed in the loan.

Variable at Wall Street Journal Prime + 2.75%.2	May be fixed or variable.	1^st Lien Rates may be fixed or variable. 504 2^nd Lien offers a low fixed rate for up to 25 years.

Important Legal Disclosures and Information

All loans are subject to credit approval.
Margin subject to change without notice