Small Business Loans (SBA)

Whether you're starting a new business, purchasing an existing firm, or planning to expand your current business, we can help. An SBA loan can offer your business more favorable terms, rates, and options than a conventional loan. Equity Bank can stream line the application process and provide you with a fast turn-around on approvals. An SBA loan can benefit your business in a variety of ways. Ask your Equity Bank experts to help you find the best option for you.

Summary
  • Lower down payments
  • Longer repayment period and lower monthly payments
  • Up to 25 years for real estate, 10 years for equipment, and 7 years for working capital
  • No balloon payments
  • Up to 90% financing for qualified requests
  • Funds can be used for a variety of purposes:
  • Real estate purchase
  • Construction/renovations
  • Leasehold improvements
  • Equipment/machinery purchases
  • Business acquisition or start-ups
  • Quick local decisions
  • Professional, personalized service