You’ll Be Happy Putting Less Cash Down For An SBA Loan From An SBA Preferred Lender
As a preferred lender, GCB has been granted authority from the SBA to approve and fund SBA 7(a) loans. This means faster approvals and funding times. It also means that GCB is one of the most proficient SBA lenders in the country, as not all SBA lenders are granted Preferred Lender status.
The Run Down On Your SBA Loan Options
SBA 504 Loan
What is a SBA 504 loan?
SBA 504 loans are most often used for a small business looking to purchase fixed assets such as real estate or heavy equipment. The minimum downpayment is 10%.
- You want 10 year equipment maturity
- You want 20 year real estate maturity
- You prefer to roll fees into the loan
- You want lien-free short-term assets
SBA 7(a) Loan
What is a SBA 7(a) loan?
SBA 7(a) loans are used for almost any business need including acquisitions, expansion, lines of credit, and stock purchases.
- You are a brand new small business
- You have little to no collateral
- You want lower payments
- You want 10 to 25 year terms on fixed assets
What You Should Expect When Getting Your SBA Loan With Us
Service You’ll Love
As a borrower with us you will be connected with an SBA lending expert who is responsible for walking you through the entire SBA process from start to finish.
No Surprise Fees
Not all surprises are good, that’s why our SBA lenders make sure you fully understand your payment schedule before letting you sign your SBA loan.
When you’re looking to get an SBA loan, timing is everything. While we need to work with the SBA committee, we get you a decision on your SBA loan quickly.
Meet The SBA Lenders Dedicated To Providing You With Extraordinary Service
Jacob leads the bank’s lending department where he’s worked extensively with small business owners, investors and entrepreneurs on creative financing solutions.
Mike has over 30 years experience in lending and specializes in credit lines, equipment loans, commercial mortgages and SBA loans.
Todd has an extremely broad background in business lending that has given him over 39 years of experience in banking.
You’re Only 3 Easy Steps From Getting Approved For Your SBA Loan In As Quickly As 1 Week
Ready to Get Started?
STEP 1. Start with a no-pressure conversation
When you reach out to us you will be paired with a dedicated SBA lending expert and the first conversation is only focused on getting to know you and your borrowing needs. Nothing else.
STEP 2. Apply online, in-person, or by phone
We know running a business means your life is busy that’s why we offer 3 convenient ways to apply for your SBA loan. Regardless of how you apply, if you have questions at any point during the process our SBA lenders are happy to help.
STEP 3. We analyze your credit history and financial health and get you a quick decision
For you, the hard work is done. For us, we’re just getting started. We analyze several financial health measures of your business to build the best SBA loan option for your situation.
Schedule A Call Back When It's Convenient For You
Enter your info below to set up a time to talk with one of the SBA lending experts at Granite Bank or Granite Loan Center.