Premier Bank works with the Small Business Administration (SBA) to provide term loans for the purchase of a business, loans to make capital improvements and lines of credit. SBA loans are ideal for growing small businesses. They offer lower down payments, longer terms and more flexible underwriting than conventional term loans.
SBA 7(a) loans can be used for almost any business purpose, including working capital, purchasing equipment or commercial real estate, or refinancing debt. They typically have low down payments and flexible terms.
SBA 504 loans have larger loan size limits and longer terms. They may be more suitable for acquiring or renovating commercial real estate or for capital equipment needs.
Talk with a Premier Bank lender to see if an SBA loan may be right for your business.