SBA 7(a) PROGRAM

The SBA 7(a) Program is available for most SBA financing requests and can be utilized for a variety of purposes including new business set up, existing business acquisition, commercial real estate purchase, as well as debt refinance. 

• The SBA 7(a) program provides maximum loan amounts of $2,000,000.
• Maximum terms may vary according to financing purpose.
• Non-Real Estate purchase transaction maximum term is 10 years fully amortized.
• Commercial Real Estate purchase maximum term is 25 years fully amortized.
• Minimum Guaranty fee charged is 2.0% of the guaranteed portion.
• 85% Guaranty in effect with loan amounts of less than $150,000.
• 75% Guaranty in effect with loan amounts in excess of $150,000.
• Commercial Real Estate refinance with competitive interest rates.
• Small Business expansion, with leasehold financing as well as working capital.
• Equipment and machinery purchase financing is available.
• Small Business debt refinance (from existing Non-SBA financing) is available.
• Inventory purchase with competitive rates.
• Up to 90% financing is available and is subject to credit decision.
• Eligibility will be determined by satisfaction of established SBA guidelines.

SBA EXPRESS PROGRAM

SBA Express Loans are 50% guaranteed by the US SBA and require decreased documentation as well as an expedited decision process usually within 48 hours. 

• SBA Express maximum financing request cannot exceed $300,000.
• Maximum term of 7 years fully amortized.
• Expedited Decision usually within 48 hours.
• Reduced documentation requirements, with faster processing.
• Business lines of credit available with minimum 1 year term and maximum credit line of $50,000.
• Low Guaranty fee of 1%.
• SBA Express Loans can be granted for a variety of purposes including new business acquisition as well as working capital.

Eligibility will be determined by satisfaction of established SBA guidelines.

SBA 504 PROGRAM

The SBA 504 Program is available for larger financing requests exceeding the SBA borrower financing limit of $2,000,000.

• SBA 504 program is an economic development program designed by the US SBA to assist in the financing of fixed assets for small businesses.
• SBA 504 financing requirements include participation with a third party lender, with maximum financing of 50% of the requested loan amount provided by Saehan Bank.
• Minimum down payment of 10% required.
• SBA 504 financing is provided if the total financing request exceeds the SBA established limit of $2,000,000.