SBA Loans

SBA 7(a) Loan

The SBA 7(a) loan is the most common SBA loan product, offering flexibility on terms and business uses. An SBA 7(a) loan is a good option for a variety of purposes, including business acquisitions, partner buyouts, real estate purchases, refinance, working capital, and more.

• Borrow up to $5,000,000*
• Up to 90% bank financing
• Government guarantee up to 85%
• Fully amortized/no balloon payment
• No pre-payment penalties for loan terms under 15 years
• Terms from 5 to 25 years
• Variable rates
• Can be used for nearly any business expense

SBA 504 Loan

The SBA 504 loan allows you to buy real estate or other fixed assets with as little as a 10% down payment. SBA 504 loans enable business owners to buy commercial real estate and other fixed assets at below-market, long-term, fixed interest rates. Fully amortized over 25 years, these payments carry no balloon payment. You can also an SBA 504 loan to construct a new property, upgrade an existing building, purchase equipment, or convert facilities to energy-efficient facilities.

• Borrow up to 90% of project costs*
• Low down payment (typically 10%) conserves your cash
• Variable and fixed-rate options
• Loan amounts up to $15,000,000
• Buy real estate, equipment, machinery or other fixed assets

SBA 504 vs. 7(a) vs. Conventional

Most for-profit businesses may be eligible for the SBA 504 program.

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For existing real estate, you must occupy 51% of the property within one year of funding. For new construction, you must occupy a minimum of 60% of the property.

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The tangible net worth of your business cannot exceed $15,000,000. After-tax profit for the last two years cannot exceed $5,000,000, or you may meet size standards based on the number of employees.

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The personal net worth of the business owner is not a factor in determining eligibility.

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We’re proud to have helped businesses in our communities through the Paycheck Protection Program

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• All credit products and services are subject to Partners Bank of California’s standard underwriting and approval process.