Small Business Administration (SBA) loans can offer a wide array of lending options for owner-operated and managed for-profit businesses. SBA loans can help provide business funding to a variety of industries such as manufacturing, wholesale, retail, and service.
For information on the Small Business Administration (SBA) disaster assistance program, Please Click here.
SBA Loans Overview
SBA loan programs allow for fixed or adjustable rate terms depending on the use of the proceeds. Maximum terms range from seven years for working capital to 25 years for buildings and real estate.
Florida Capital Bank is an SBA Preferred Lender (PLP). Under the preferred lending status this means we can approve applications in a streamlined manner giving you access to capital faster. SBA loans are made and administered by Florida Capital Bank and the SBA guarantees a portion of each loan.
SBA 7(a) Loan
As a business owner, your role in our economy is vital. SBA 7(a) loans are the most widely used SBA loans and can provide borrowers a more flexible loan structure with longer repayment periods and lower down payments. For an SBA loan a business must be defined as a "small business" by the SBA and be operating for a profit within the U.S. or its possessions.
A 7(a) loan is best for:
- Business acquisition
- Equipment financing
- Commercial real estate
- Leasehold improvements
- Debt restructuring
- Working capital
SBA 504 Loan
An SBA 504 loan is used for commercial real estate financing for owner-occupied properties. Additionally businesses can use a 504 loan to finance equipment and other fixed assets, such as fixtures, furnishings and machinery, in conjunction with purchasing real estate property.
A 504 loan is best for:
- Financing for larger real estate projects
- Land acquisition and ground-up construction
- Expansion of an existing building
- Building improvements
- Fixed asset purchases