SBA LENDING

The Small Business Administration (SBA) loan programs offered through Security Bank of California’s provide attractive financing for small to mid-sized businesses. Loans are available for most business purposes or expansion needs. Repayment terms are generally longer than conventional loans programs, which can have a positive impact on your company’s monthly cash flow.

Why SBA?

• Up to 90% financing available
• Longer repayment terms - up to 25 years for real estate
• Competitive Rates

Eligible Loan Purposes

• Working capital
• Inventory purchase
• Machinery, equipment, furniture and fixture purchases
• Commercial real estate purchase and construction

Eligible Small Businesses

• A for-profit sole proprietorship, partnership, or LLC corporation.
• Independently owned and operated
• Meet size standards established by the SBA

Loan Amounts and Interest Rate

• Loans from $50,000 to $5 million
• Competitive interest rates

Loan Maturities

• Working capital and inventory: 7-10 years
• Machinery and equipment: up to 15 years
• Commercial real estate: up to 25 years

Qualifying Credit Standards

• Adequate primary source of repayment (i.e., cash flow from operations)
• Secondary source of repayment (i.e., collateral consisting of real estate and/or fixed assets.)
• Personal guarantees of individuals whose ownership in the company is 20% or more
• Management ability/experience.