Small Business Administration (SBA) Loans
Special Note: If you are unable to access the SBA website for COVID-19 loan application documents, you can find them here. You'll want to work with your local Small Business Development Center for assistance in knowing which forms to complete. We also are sharing information about the CARES Act as it becomes available.
A Small Business Administration (SBA) loan may be the best solution for your business if your growth plans include expanding, acquiring or starting a business, purchasing an existing business, acquiring or renovating commercial real estate, or financing equipment, inventory or working capital.
With our preferred-lender status within the SBA, our team can work with you to finance your growth. Our team has more than 55 years of SBA lending experience and is committed to understanding your goals and partnering with you to make them a reality. We can help you choose the correct type of SBA Loan that serves your specific goals and needs.
The Small Business Administration (SBA) recognizes that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace.
Each state also offers help for small businesses through the Small Business Development Centers. For more information, go online to:
http://pasbdc.org/ in Pennsylvania.
SBA Lending Benefits:
Lower down payments
A smaller down payment allows your business to keep cash on hand to support day to day business operations.
SBA lending usually includes flexible pre-payment terms, allowing you the option to accelerate payments with no penalty.
SBA loans are long-term loans, usually 10-25 years with no balloon payments. This means lower monthly payments so your business has more cash on hand to allocate toward sales and growth.