Small Business Administration
(SBA) Loans

The SBAExpress Loan

• Maximum Loan Amount up to $250,000* available as a line of credit or term loan.
• Rate—fixed or variable, not exceeding 6.50% over prime rate (New York Prime rate).
• Maximum Term of 7 years, with fully and partially amortizing payment options.

*Loans in excess of $100,000 must be secured by business or personal assets.

The Basic 7(a) Loan

The most basic and most used type loan of SBA’s business loan programs.

• Maximum Loan Amount up to $2 million* available as a term loan.
• Rate—varies depending on loan amount and maturity.
• Maximum Term of 25 years for real estate and equipment. 7 years for working capital.

Visit www.SBA.gov for more information about the Basic 7(a) Loan.

CDC/504 Loans

This loan program is a long-term financing tool for economic development within a community.

• Maximum Loan Amount up to $4 million available as a term loan.
• Rate on 504 loans is pegged to an increment above the current market rate for five-year and 10-year U.S. Treasury issues. Fees total approximately three (3) percent of the debenture and may be financed with the loan.
• Maximum Term maturities available for 10 and 20 years.

Visit www.SBA.gov for more information about CDC/504 Loans.