SBA Loan Programs
Excel National Bank specializes in SBA loans to businesses and sole proprietorships. Our SBA loan experts can guide you through the process of acquiring a SBA loan in the most efficient manner. Several SBA loan programs are available to your business, including:
SBA 7a Real Estate Loan
For Real Estate, Equipment or Working Capital
Purpose of Loan
- Commercial real estate purchase
- Special programs to finance equipment or working capital
Size of Loan
- Up to $2 million
- Financing packages up to $5 million
Cash Injection Requirements
- Minimum 10% down payment, depending on collateral and type of property
Terms of Loan
- Up to 25 years fully amortized, at competitive rates
Loan Fees
- SBA Guaranty Fees ranging from 1.7% to 2.6% of loan amount depending on loan size
Qualifying Requirements
- Adequate cash flow to cover debt levels
- Acceptable credit history
Loan Turnaround times
- 10 business days for Bank approval upon receipt of complete package
- 45-60 days funding from receipt of completed application package
Click here to start the loan application process.
SBA 504 Loan Program
Commercial Real Estate
Purpose of Loan
- Purchase and construction of commercial real estate
Size of Loan
Cash Injection Requirements
- As little as 10%, depending of use of proceeds
Terms of Loan
Loan Fees
- Loan fee generally 1.5% of loan amount
- Construction loan fees based on project size
Qualifying Requirements
- 3 years management experience or 1 year profitable business ownership experience
- Adequate historical cash flow to repay the loan
- Owner/user to occupy 51% of existing building or 67% of new construction
- Net worth of less than $6 million and net profit of less than $2 million average over the last two years
- Acceptable credit history
Loan Turnaround times
- 10 business days for Bank approval upon receipt of complete package
- 45-60 days funding from receipt of completed application package and CDC approval
Click here to start the loan application process.
SBA Specialty Business Start-Up Financing
Start Your Own Specialty Business
Purpose of Loan
- Business start-up financing for specialty industries, including car washes, day care centers, assisted living projects, hotel/motel establishments and independent insurance agents
Size of Loan
- Up to $2 million
- Financing packages up to $5 million
Cash Injection Requirements
Terms of Loan
- Up to 25 years fully amortized, at competitive rates, for real estate purchases
- Up to 10 years fully amortized, at competitive rates, for non real estate purchases
Loan Fees
- SBA Guaranty Fees ranging from 1.7% to 2.6% of loan amount depending on loan size
Qualifying Requirements
- Management experience in same or related
- Acceptable credit history
- Minimum 10% non-borrowed cash injection
Loan Turnaround times
- 10 business days for Bank approval upon receipt of complete package
- 45-60 days funding from receipt of completed application package
Click here to start the loan application process.
SBA USDA Business Loan Program
For Qualifying Rural-Area Businesses
Purpose of Loan
- Purchase or construction of real estate, machinery and equipment plus working capital
Size of Loan
Cash Injection Requirements
- 10 to 20% minimum cash equity, depending on the project
Terms of Loan
- 7 to 30 fully amortized, at competitive rates
Loan Fees
- Bank loan fee
- B&I Guaranty Fees are up to 2% of loan amount, depending on loan size
Qualifying Requirements
- Adequate cash flow
- Minimum 10% tangible net worth
- Acceptable credit history
- Must meet USDA eligibility criteria for rural area location
Loan Turnaround times
- 10 business days for Bank approval upon receipt of complete package
- 60-90 days funding from date of USDA guaranty approval
Click here to start the loan application process.
Express Loan
The Express Loan Program provides a term loan or revolving line of credit for the small business owner. Loan funds can be used for any business-related purpose.
- The maximum loan is $250,000
- Offers a business revolving line of credit
Allows lenders to use their own forms and processes to approve loans guaranteed by the SBA, whereby providing minimal paperwork to the SBA
Click here to start the loan application process.
