Loan Programs

SBA Community Advantage

Whether you own a start-up or a seasoned business, Community Advantage loans are a great way to secure the capital you need to grow your business. With affordable variable rates and minimal down payments, this product offers up to $250,000 for a variety of your business needs.

Program Highlights

Program Details


Use of Funds

  • Secure working capital

  • Purchase equipment

  • Acquisition and/or improvement of owner occupied real estate

  • Refinance of qualified debt

Interest Rates

  • Competitive, variable interest rates determined on a case by case basis
  • For more on our current interest rates, contact a loan officer.

Loan Amounts

  • $25,000 to $250,000

Repayment Terms

  • 5-10 years for machinery and equipment dependent on useful life
  • Up to 10 years for working capital
  • Terms for debt refinance determined on a case by case basis.

Size Standards

  • Less than $5,000,000 of net income averaged over past 2 years
  • Combined net worth of less than $15 million for all applicants and affiliates

Typical Loan Structures


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Looking for more than $250,000?

 

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