For businesses with special credit needs, a Small Business Administration Loan can help you start, purchase or grow your business.
With flexibility on terms and business uses, this is the most common SBA loan product. If you are in search of a loan for acquisitions, partner buyouts, real estate purchases, a start-up, franchises, refinancing and more, an SBA 7(a) loan is a great option.
Benefits of a SBA 7(a) loan include:
Although the eligibility requirements for a 504 loan are very similar to that of the 7(a) loan program, the approved uses of the loan differ. The proper uses of a 504 loan include buying commercial real estate, financing improvements within that real estate, and purchasing large equipment.
Benefits of an SBA 504 loan include:
At Provident Bank, our SBA Loans offer flexible qualification requirements, long repayment terms up to 25 years, and high borrowing limits—from $200,000 to $5 million. As an SBA Preferred Lender, we can directly approve your loan application without waiting for the Small Business Administration’s decision. This streamlined application process will get you the money you need faster!
|SBA 7(a) Loans||SBA 504 Loans|
|Loan amount||Up to $5 million||Up to $15 million|
|Loan common uses||
|Loan interest rates||