Small Business Loans
Experience you need.
SBA Loan Programs
The U.S. Small Business Administration (SBA) offers numerous loan programs to assist small businesses.
- The SBA is primarily a guarantor of loans made by banks
and non-bank lenders.
SBA loans may help your business gain access to capital that may not otherwise be available with conventional bank financing. Businesses can receive financing on more flexible terms with lower down payments, longer amortizations, and other collateral and income considerations.
- Purchase owner-occupied real estate
- Construction and expansion of business premises
- Leasehold improvements
- Purchase machinery, equipment, furniture and fixtures
- Business acquisition
- Debt refinance
- Working capital
- Inventory purchase
- Start-up operations
- Certain loan closing costs
- Business Acquisitions
- Loans to professionals – Doctors, Dentists, Veterinarians
- Pet boarding facilities/pet hotels
- Child care facilities
- Real estate financing
- Franchises (SBA eligible)
- Car washes
- General automotive
- Service companies
- Manufacturers and wholesalers
- Hotels
- Grocery stores
- Businesses that do not occupy at least 51% of the property they are requesting financing on existing owner-occupied real estate
- Business that will not occupy at least 60% of the property they are requesting financing on for owner-occupied real estate to be constructed
- Investment property
- Non-profit entities
- Businesses that promote religion
SBA Loans
At Encore Bank, we offer four prominent SBA loan programs:
7(a)
- Up to $5,000,000
- Purchase of owner-occupied commercial real estate
- Construction/renovation of owner-occupied commercial real estate
- Leasehold improvements
- Purchase of equipment
- Purchase of furniture/fixtures
- Business acquisitions
- Partner buyouts
- Debt refinance
- Purchase inventory
working capital
7(a) Small Loans
Working Capital CAPLINES
Loans > $50,000, Term < 7 years: Maximum interim rate = WSJ + 2.25%
Loans > $50,000, Term > 7 years: Maximum interest rate = WSJ + 2.75%
Adjusts as frequently as monthly with any change in WSJ
Maximum of $5,000,000 (SBA guarantees lesser of 75%, or $3,750,000)
504
- Up to 10 years for heavy equipment projects
- Up to 25 years for owner-occupied real estate projects
- Purchase of owner-occupied commercial real estate
- Construction/renovation of owner-occupied commercial real estate
- Purchase of heavy equipment
For More Information
Please call 1-844-394-2265 or fill out this form
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