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Small Business Administration (SBA) Loans

Small Business Administration (SBA) loans provide competitive interest rates for long term financing, are fully amortized SBA loans and are great for:

  • Business debt refinancing
  • Equipment purchases
  • Business acquisition
  • Commercial real estate and more.

SBA financing rates and terms are competitive.

Whether you’re a business owner or a finance professional seeking to assist interested clients, American Enterprise Bank’s commercial lending experts know all the ins and outs of applying for an SBA loan and can help guide you through the process. AEB is able to initiate and close loans quickly. With AEB, you’ll work with a local decision-maker who will respond quickly to your individual situation and provide flexible and affordable financing options.

SBA 7(a)

SBA 7(a) loans are ideal for small businesses that may not meet traditional loan criteria. This guarantee program provides term loans up to $5,000,000. The flexibility of SBA 7(a) loans allows you to conserve working capital. Maturity terms can be structured to help reduce payments. SBA 7(a) loans may be used for purchasing land and buildings, equipment, machinery, furniture, fixtures or inventory; to obtain leasehold improvements, short-term or long-term working capital; for refinancing; or to purchase an existing business. 

SBA 504

SBA 504 loans are primarily for financing owner-occupied commercial real estate or other long-term fixed assets and allow you to acquire real estate with a lower down payment. Financing is provided in partnership with a Certified Development Company (CDC) formed to foster community or regional economic development. SBA 504 loans are generally structured with 50% financing by AEB who assumes the first lien position, 40% financing by the CDC who assumes the second lien position and as little as 10% down from the borrower. Borrowers must occupy at least 51% of existing structures purchased with loan proceeds and at least 60% of new construction, must have net worth and net income below specific levels and commit to job creation.

 

Download table comparing SBA 7(a) and SBA 504 loans

Download Application Package (Coming Soon!)

For more information contact your local AEB branch, or click here to contact us via email.

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