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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

SBA Loans

For businesses with special credit needs, a Small Business Administration (SBA) Loan can help you start, purchase or grow your business.

Sba Loan

Move Your Business Forward

Provident is an SBA Preferred Lender - which means we can approve your small business loan application directly, without waiting for approval from the Small Business Administration.

SBA 7(a) Loan

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:

  • Up to 90% bank financing
  • Fully amortized/no balloons
  • No pre-payment penalties for loan terms under 15 years

 

SBA 504 Loan

Although the eligibility requirements for an SBA 504 loan are very similar to that of the 7(a) loan program, the approved uses of the loan differ. The proper uses of an SBA 504 loan include buying commercial real estate, financing improvements within that real estate, and purchasing large equipment.

Benefits of an SBA 504 loan include:

  • Minimal down payment (typically 10%) conserves your cash
  • Fixed or floating interest rates available

Streamlined Approval of SBA Loans

At Provident Bank, our SBA Loans offer flexible qualification requirements, long repayment terms up to 25 years, and a range of financing needs from $200,000 to $5,000,000. As an SBA Preferred Lender, we can directly approve your loan application without waiting for the Small Business Administration’s decision. This streamlined SBA loan application process will get you the money you need faster!

Loan Loan Amount Loan Common Uses Loan Terms Loan Interest Rates Loan Fees

SBA 7(a) Loans

 Up to $5 million
  • Business and real estate acquisition
  • Refinance existing business debt
  • Initial working capital, inventory, soft costs, and closing costs
  • New construction and renovations
  • New equipment purchases
  • Partner buy-outs
  • Real estate debt up to 25 years
  • Non-real estate debut up to 10 years
  • Terms can be blended if debts include both real estate and non-real estate
 Variable and fixed rates
  • SBA guarantee fee: 2 - 3.5% of guaranteed loan portion
  • Packaging, third party reports, lien filings, title charges, etc.

SBA 504 Loans

 Up to $15 million
  • Building expansion or renovations
  • Acquire an existing building
  • Refinance eligible business debit with equity cash-out opportunity
  • Fixed assets from a business acquisition
  • Green certification
 20 or 25 years Variable and fixed rates
  • 2 - 4% of total financing
  • Third party reports, lien filings, title charges, etc.

Loan

SBA 7(a) Loans

Loan Amount

Up to $5 million

Loan Common Uses

  • Business and real estate acquisition
  • Refinance existing business debt
  • Initial working capital, inventory, soft costs, and closing costs
  • New construction and renovations
  • New equipment purchases
  • Partner buy-outs

Loan Terms

  • Real estate debt up to 25 years
  • Non-real estate debut up to 10 years
  • Terms can be blended if debts include both real estate and non-real estate

Loan Interest Rates

Variable and fixed rates

Loan Fees

  • SBA guarantee fee: 2 - 3.5% of guaranteed loan portion
  • Packaging, third party reports, lien filings, title charges, etc.

Loan

SBA 504 Loans

Loan Amount

Up to $15 million

Loan Common Uses

  • Building expansion or renovations
  • Acquire an existing building
  • Refinance eligible business debit with equity cash-out opportunity
  • Fixed assets from a business acquisition
  • Green certification

Loan Terms

20 or 25 years

Loan Interest Rates

Variable and fixed rates

Loan Fees

  • 2 - 4% of total financing
  • Third party reports, lien filings, title charges, etc.

Our SBA Lending Experts

Matt Flannery

Matthew Flannery, Team Leader

  • Phone NumberPHONE732.726.5437
EMAIL ME
Paul Santambrogio

Paul Sant’Ambrogio, Relationship Manager

  • Phone NumberPHONE732.726.5503
EMAIL ME
Christine Merowchek

Christine Merowchek, Relationship Manager

  • Phone NumberPHONE201.602.6768
EMAIL ME
Ubaid Khan

Ubaid Khan, Relationship Manager

  • Phone NumberPHONE908.930.3384
EMAIL ME

Everyday Tools for Your Business

ProvidentConnect for Business

Securely manage your accounts with ease through ProvidentConnect for Business Online Banking.

Learn More

Mobile Banking for Business

Bank anywhere, anytime with our mobile app. Enjoy secure, convenient access to your business accounts.

Learn More

Treasury Management

Run your business more efficiently, more profitably, and with more cash flow management control.

Learn More

Frequently Asked Questions

Disclosures

1. Lower down payments may result in higher monthly payments and a higher loan balance.
2. All loans are subject to credit approval.
3. SBA fees vary based on the type and term of the loan. Additional fees and/or charges, not described on this page, may apply.