Small Business Administration Loans (SBA)

Give your business the help that it needs to grow bigger and stronger. First State Bank Southwest has partnered with the U.S. Small Business Administration (SBA) to offer you a wide range of loan options. The SBA has been helping start-ups and small businesses since 1953, and offers a variety of financing options for your small business.

Small Business Administration Loans (SBA)
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Summary
  • Various loan options to choose from
  • Competitive rates
  • Flexible repayment structure options
  • Low monthly payments
  • No prepayment penalties
  • Experienced loan professionals
  • Personal service

To learn more contact us or visit the SBA's site here.

SBA Loan Options

The Micro Loan Program is used to fund smaller projects for working capital, purchase of inventory, supplies, furniture and fixtures, and equipment. The maximum loan amount is $35,000. The maximum term is 6 years.

The Express Program is used to finance working capital, purchase of inventory, supplies, furniture and fixtures, equipment, and real estate. The maximum loan amount is $350,000. The maximum term can be up to 25 years depending on the asset life of the collateral.

The 7a Loan Guaranty Program is used to finance the same as stated above up to $2 million dollars. Maximum term can be up to 25 years.

The 504 Loan Program is used to finance the purchase of equipment and commercial real estate. Maximum loan amount is $1 million dollars. Maximum term is 25 years. The largest benefit of this program is a below market long-term fixed interest rate.