Business Loans Help

Rates are determined by on a number of factors, including the strength of the application, the purpose of the loan and the specific SBA program. A great thing about the SBA program, however, is that SBA limits the interest rates at a maximum amount that the agency deems to be reasonable. An SBA Relationship Specialist can provide you with a general idea of what that interest rate may be.

It depends on your needs as well as the loan amount, interest rate and approved term. Your SBA Relationship Specialist can provide you with an approximate monthly payment.

The term and amortization of the loan will be the same; we will not balloon your note. However, what that term will look like will depend on a few variables, such as the purpose of the loan and the expected life of the collateral supporting it. Your SBA Relationship Specialist can provide you with a better idea of the specifics.

It depends. Generally, we can provide a fixed rate for term loans or commercial mortgage loans for a period of time. For lines of credit, however, a floating rate is typical.