Featured Program
Why Choose SBC Lending?
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Loan Programs SBA 504 $125,000 - $10,000,000 Used for commercial property acquisitions. This SBA program makes it convenient for the borrower with an Loan To Value of 90%. That is, 10% down from the client, 50% from the lending institution and 40% from the CDC. Fixed financing is available up to 25 years with a low interest rate. SBA 7(A) Loan $35,000 - $2,000,000 This program caters to both start-up and existing businesses and was established to provide financing to borrowers who cannot qualify for conventional loans. Loan amounts range from $35,000 to $2,000,000 with guarantees of up to $1 million; up to 25 year amortization available. SBA Express Loan $10,000 - $100,000 This loan is a line of credit loan available for new and existing businesses. The bank will give you a series of business checks which you may use to pay off debt, purchase new equipment etc. Monthly payments are made when you begin using your line, not before. Interest rates vary depending on credit. A one page application, and a 24 hour turnaround time makes this the fastest product available. SBA Community Express $5,000 - $25,000 This is the #1 SBA program in the country. Used for new and existing business alike, this loan program is special because it allows SBC Lending to pre-qualify clients over the phone. The maximum loan amount is $25,000 with a term of 10 years and an interest rate of Prime + 4.5. The advantage in addition to the online pre-qualification is that the funds are deposited directly in to your business checking account directly. Learn More Conventional Business Loans Conventional business loans differ from SBA loans because they are not government guaranteed. The bank takes 100% risk rather then 15% risk with an SBA loan. Typically with less paperwork and lower interest rates, these loans require a higher down payment due to the high risk factor. |