Small businesses can have large expenses — especially if they’re related to real estate or heavy-duty equipment. Whether you’re just starting, growing, or acquiring, our SBA loans have your business’s back.
Key Features
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Competitive Rates
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Lower Down Payments
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Extended Terms
Details
- 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 maturity1
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
1Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed.
SBA 504 Loan Program
Almost any type of for-profit business is eligible. Commercial real estate must be partially occupied by borrower and includes, but is not limited to, the following types of properties:
- Office Buildings
- Warehouses
- Industrial Buildings
- Manufacturing
- Child Care Facilities
- Professional Buildings
- Restaurants
- Franchises
- Startups
- Single-Use Buildings
Use of Proceeds
- Real-Estate acquisition, construction or refinance — up to 90% financing available
- Large Equipment Acquisition — up to 90% financing available
Loan Structures
- Financing available on projects up to $10,000,000.00
- Exchange Bank & Trust typically provides a first mortgage of up to 50% of the project costs. This loan can range from $250,000 to $5,000,000.
- The SBA, through a Community Development Company (CDC) provides up to 40% of the project costs in a second line position.
SBA 7(a) Loan Program
We specialize in providing long term permanent financing to small businesses. Our loans, including 7(a) Loan Program, are made through the Small Business Administration (SBA) guaranteed loan programs.
Almost any type of for-profit business is eligible. Commercial real estate must be partially occupied by borrower and includes, but is not limited to, the following types of properties:
- Office Buildings
- Warehouses
- Industrial Buildings
- Manufacturing
- Child Care Facilities
- Professional Buildings
- Restaurants
- Franchises
- Startups
- Single-Use Buildings
Use of Proceeds
- Real-Estate acquisition, construction or refinance — up to 90% financing available
- Large Equipment Acquisition — up to 80% financing available
- Equipment Acquisition — up to 100% financing available
- Debt Refinance — up to 100% financing available
- Working Capital
- Tenant Improvements