Start-up Loans

Please note that our minimum loan requirement is $250,000

While many commercial banks shun loans for start-up operations it is the SBA's mission to assist such ventures and to help grown the number of successful small businesses in the United States.

When it comes to Start-Ups, there are several requirements for qualification:

• The borrower must have experience in the line of business;
• The borrower's cash injection must be at least 33% of the total project cost; and
• The borrower must provide some collateral for the loan portion of the total project cost.

Business start-up loan funds can be used for the following:

• Building;
• Building improvements;
• Machinery and Equipment;
• Furniture and Fixtures;
• Inventory; and
• Working capital.

The SBA terms for a start-up loan vary according to use of funds and my be blended.

Key Benefits

• Fully Amortized Term -- Blended based on use of funds
• No Prepayment Penalties
• No Balloon Payments