• Lands, buildings, machinery and equipment
  
• Related soft costs (architect fees, construction interests, legal costs, surveys, appraisals, lender fees, etc)
  
• Working capital, relocation expenses, inventory and rolling stock are ineligible, however the Bank offers other loan options to finance these.
  

• Acquisition of an existing building
  
• Purchase, renovation and/or addition to an existing building
  
• Construction of a new building
  
• Purchase of new machinery or equipment with 10 years or more of usable life

• Down payment as low as 20%
  
• Below market, fixed rates
  
• Low monthly payments.
  
• Many closing costs can be financed

Most businesses are eligible, here are some of the requirements:

• Be a for-profit corporation, partnership or proprietorship
  
• Demonstrate management ability and good character
  
• Be able to create or retain jobs as a result of the new project
  
• Have historical or projected cash flow to cover debt services
  
• Occupy 51% of the proposed building
  

• Up to 90% of the total project cost
  
• Typical total projects cost range from $250,000.00 to $5 million
  

Our program operates as a three-way partnership:

1. A conventional bank
2. The SBA
3. The Business Owner  (You)

   Together we work to finance the project. Each member of this partnership makes a contribution:

• The Bank provides a permanent mortgage for 50% - 60% of the total of the project costs
  
• The SBA provides up to 40% of permanent financing for project costs
  
• The Business owner provides and equity injection of at least 20%. Start-ups or special use facilities will require at least 20%
  

• Real Estate based projects have 20 or 25 years term
  
• Equipment based projects have 10 years terms
  
• The interest rate is determined at the time the loans are funded
  
• Below market fixed or variable rates are available
  
• Fully amortizing loans with no balloon payments
  

• You'll work with a business real estate financing expert who will guide you through the process.
  
• We've funded more than $1 billion in our loans program during the past 3 years.
  
• We  make it easy by minimizing the paperwork and providing expert guidance.