The Advantage of Working with a SBA Preferred Lender

Faster Approvals

As a Preferred Lender, we can approve loans right here, without waiting on the SBA, saving you time and reducing paperwork.

Expert Guidance

Our SBA specialists take the time to understand your needs and guide you through every step of the financing process.

Accessible

Lower down payments, reasonable qualifications, and longer repayment terms that mean lower monthly payments.

SBA Support

Loans are partially guaranteed by the SBA, giving you added security and access to resources and training programs.

Smart Financing Options for Small Businesses

For Most Business Purposes

SBA 7(a) Loan

Best for:

  • Business acquisition/expansion
  • Purchase machinery and equipment
  • Working capital and inventory
  • Purchase land or buildings, construction, renovations

Contact a Banker

  • Up to $5 million
  • Low down payment
  • Commercial real estate terms up to 25 years
  • Working capital, equipment, and business acquisitions terms up to 10 years
  • Variable interest rate
  • 85% guaranty for loans of $150,000 or less
  • 75% guaranty for loans greater than $150,000 (up to $3.75 million maximum guaranty)

For Business Real Estate Purposes

SBA 504 Loan

Best for:

  • Commercial real estate
  • Equipment funding

Contact a Banker

  • 1st Deed financing: Up to 50% of total financing package
  • 2nd Deed financing: Up to 40% of total financing package
  • 1st Deed financing has a loan term up to 10 years & 25 years amortization
  • 2nd Deed financing has a loan term up to 25 years full amortization
  • Fixed interest rates available

For Upfront Export Expenses

SBA Export Working Capital Program (EWCP)

Best for:

  • Increasing sales by covering upfront export expenses

Contact a Banker

  • Up to $5 million
  • Quick decision making process
  • Provides additional working capital
  • Terms are typically 12 months or less, up to 3 years
  • 90% guaranty (up to $4.5 million maximum guaranty)
  • Turnaround time is 5-10 business days

For Smaller Loans

SBA Express/Bank of Hope EZ Loan

Best for:

  • Business acquisition/expansion
  • Working capital and inventory

Contact a Banker

  • Up to $500,000
  • Simple, fast** and easy application process
  • Terms up to 10 years
  • Variable interest rate

Requirements:

  • At least 24 months of ownership
  • Satisfactory credit history
  • No record of bankruptcy within the last 7 years

**Subject to underwriting, credit approval, and other verification requirements.