Small Business Administration Loans
Get lower payments and longer terms with a Small Business Administration (SBA) loan, even if you don't qualify for other loans.
Call 785-865-1061 to speak with one of our experienced commercial loan officers - they're ready to help you reach your goals.
Compare with other financing options.
Basic Features of SBA Loan Programs
|SBA Express||SBA 7(a) Term Loan||SBA 504 Term Loan||SBA Patriot Express|
|Loan or Line of Credit||Loan or Line of Credit||Loan||Loan||Loan|
|This SBA solution offers||Streamlined loan application process for funding working capital to purchase land, buildings, equipment and inventory||Longer term on loans to fund working capital, business start-up, business acquisition and real estate.||Longer term financing for businesses to purchase commercial real estate or to expand existing operations; financing applies to real estate and equipment.||Streamlined loan application process for funding working capital to purchase land, buildings, equipment and inventory for Veterans starting or expanding their businesses|
|Best for||For profit businesses||For profit businesses in a variety of industries including start-ups and recent acquisitions||Existing and start-up businesses meeting SBA eligibility guidelines||Veterans and U.S. military personnel wanting to establish or expand small businesses|
|Credit amount||Up to $350,000||Up to $2,000,000||$150,000 to $5,200,000||Up to $500,000|
|Rate||Fixed or variable per 7(a) program||Fixed or variable per 7(a) program||Bank portion is fixed or variable; SBA portion is fixed||Fixed or variable per 7(a) program|
|Term||Up to 7 Years||Up to 10 years (equipment); up to 25 years (real estate)||10 years (equipment); 20 years (real estate)||Up to 7 years|
|Collateral||Per 7(a) program guidelines||Per 7(a) program guidelines||Up to 90% of appraised value for equipment and/or real estate||Per 7(a) program guidelines|
* Additional out of pocket expenses may apply, including, but not limited to: title insurance, appraisal fee, recording fee, packaging fee and flood certifications.