Our loans are processed more quickly and efficiently than many others. We are a Preferred Financial Services company as designated by our SBA lenders.
The Trust Financing team is expert at placing SBA loans. We enjoy these projects and getting them funded via the SBA.
Contact us now to get your SBA funding!
There are a number of advantages to an SBA loan, including longer terms, no points and a low down payment.
SBA Loan Program
| Loan program | Max. Loan Amount | Terms & Interest Rates | Purpose |
| SBA 7(a) Loan | $5 million | Up to 25 years Fixed: Prime + Up to 8.0%* Variable: Prime + Up to 4.75%* |
General business financing |
| SBA 504 Loan | $5.5 million | Up to 25 years | Financing major fixed assets |
| SBA Express Loan | $500,000 | Up to 25 years Prime + Up to 6.5%* |
Fast turnaround (36 hours) |
| CAPLines | $5 million | Up to 10 years Fixed: Prime + Up to 8.0%* Variable: Prime + Up to 4.75%* |
Lines of credit for cyclical or short-term financing |
| Microloans | $50,000 | Up to 7 years. Up to 8.5% + intermediary’s costs |
Women, low-income, veteran or minority entrepreneurs requiring smaller loan amounts |
| Physical Damage Loans | $2 million | Up to 30 years. Up to 4% if you cannot obtain financing elsewhere and up to 8% if you can |
Repairing physical damages from a declared disaster |
* Based on the prime rate. Varies over time.
SBIC – Small Business Investment Company
The SBIC program is an investment program that increases access to capital for growth stage businesses. Trust Financing works with select SBIC firms on deals or transactions that are larger than the limits of the SBA 7A or 504 programs.
SBIC small business financings are primarily in the form of subordinated debt with equity enhancements. SBIC financings to small businesses typically range from $2.5 million to $10 million. Each SBIC has its own investment profile in terms of targeted industry, geography, company maturity, and the type and size of financing the SBIC will provide to small businesses.
The Trust Financing Solutions team works with SBIC investors when needed to get the deal done.
SBA 504 loan program
The SBA 504/CDC loan program partners with Certified Development Companies (CDCs) to provide long-term financing to purchase major fixed assets. A 504/CDC loan provides up to 50% funding from a commercial lender and up to 40% funding from the CDC office in your area. The borrower will have to provide at least 10% as equity.
Uses
- Purchase machinery and equipment
- Purchase land or building
- Construct, remodel or improve a building
- Purchase or install fixtures
Loan amounts
The range of the CDC portion in a single project is $5 million, increasing to $5.5 million for some manufacturers and energy-related projects.
SBA 7(a) loan program
The SBA 7(a) loan program is the SBA’s primary product for general financing. The standard 7(a) loan is the most popular SBA program available today with favorable rates and terms. More than 40,000 SBA 7(a) loans were made in fiscal year 2020 at a total over $22 billion.
Uses
- Purchase land or buildings
- Purchase and install fixed assets
- Construct new buildings
- Purchase inventory and supplies
- Working capital
- Refinance some outstanding debts
Loan amounts
The maximum loan amount for the 7(a) loan is $5 million.
Who is Eligible for an SBA Loan?
Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.
Other SBA Loans
The SBA program that’s right for your company will depend on the amount you are seeking as well as the purpose of the loan.
Microloans
The SBA microloan program provides direct loans to microloan intermediaries to provide financing to underserved markets. Typical borrowers are women, low-income applicants and minorities.
Uses
- Working capital
- Machinery or equipment
- Inventory and supplies
- Furniture
- Fixtures
Loan amounts
Microloan amounts can range up to $50,000.