Welcome Borrowers

Benefits You Receive

• Longer repayment terms, up to 20 years
• Fixed interest rates, usually not available on conventional loans
• Reasonable interest rates, generally below market
• Low down payment, 10% for qualified prospects

Who is Eligible

A borrower must:

• be a for-profit existing or new small business
• create and/or retain jobs
• Equipment
• be the user of the fixes assets financed

Basic Requirements

• Business must have a net income after taxes of less than $2.5 million and a net worth of less than $7 million
• Loans cannot be made to businesses engaged in real estate speculation or investment
• Project must generate or retain 1 new job for every $50,000 of the SBA loan funds
• Exception--fewer jobs may be created/retained if project meets a public policy goal such as a minority loan or business located in a rural county