Need to start your business?
Need operating funds?
Pre-Qualify for a loan!!!!!

We assist with three different loans to meet your small business needs. Click to view:

SBA Patriot Express Loan
SBA Export Express Loan
SBA Community Express Loan

SBA Patriot Express Loan 
This loan program is for eligible military community members including:

• Veterans
• Service-disabled veterans
• Active-duty service members eligible for the military’s Transition Assistance Program
• Reservists and National Guard members
• Current spouses of any of the above
• The widowed spouse of a service member or veteran who died during service or of a service-connected disability

The paperwork and terms mirror the Community Express Loan (see details below). The Patriot Express Loan does not require a business plan or completion of the technical assistance prior to loan funding.

Loans are funded in 2 business days! Click here to find out more about the eligibility requirements for the Patriot Express Loan.

Loan amounts offered at No Collateral: $5K to $25K
Loan amounts offered with Collateral Required: $26K to $500K

SBA Export Express Loan
The loan mirrors the Community Express Loan (see details below) but is designed for business in the exporting market. To qualify you must:

• Be in business for at least 12 months
• Already be in the export market or planning to enter
• Provide a letter with application explaining how you plan to enter the export market or your current operations in the export market

The Export Express Loan does not require a business plan or completion of the technical assistance prior to loan funding. You must follow specific instructions and submit specific information for this loan program.  See the Application Checklist for details.

Loan amounts offered: $5K to $25K

SBA Community Express Loan
Effective October 1, 2008

Small Office / Home Office (SOHO)
Best suited for smaller or newer businesses needing working capital. 
This program has less stringent personal credit requirements of the owners.

Loan amounts offered: $5K  $7.5K  $10K  $12.5K 

Growth Accelerator Assistance Program 
Larger amounts for more established businesses seeking a quick source for working capital.  Due to the larger loan amounts this program has stricter credit requirements.

Loan amounts offered: $15K  $20K  $25K

Application:

• One page application
• No collateral required
• No tax returns required
• No personal/business financials required
• For Community Express only: Business plan required
• For Community Express only: Must complete majority of  Technical Assistance Requirements and submit proof with application

Can Be Used For:

• Purchase of Equipment/machinery
• Working capital
• Expansions
• Purchase of Inventory
• Developing International Markets
• Plus more…
  
  

Terms:

• 10 Year Term
• No Prepayment Penalty
• Interest Rate = Prime + 4.5%
  
  

How to Qualify:
Business must be either:

• ALL Borrowers qualify (minority, non-minority, non-veteran)
• Personal Credit History –
  (ALL existing credit obligations MUST BE CURRENT to apply)
  
  

Loan decision not based entirely on credit. Bank looks at the following:

• Length of home ownership or rental home (Shows stability - no collateral needed)
• Business/Industry Type
• Personal Credit History – (ALL existing credit obligations MUST BE CURRENT)
• Length of time in business
• Average monthly sales or estimated monthly sales

Disqualifiers:

You are disqualified, if you answer YES to any of the following:

• Unpaid federal and state tax liens
• Unpaid judgments
• Business earns 30% or more of its revenue from gambling/gaming
• Non-profit organization
• Multi-level marketing (i.e. Mary Kay, Herbal Life, etc.)
• Speculative real estate (Buying homes, fixing them up and reselling them)
• Adult-oriented businesses (Clubs, websites, bookstores)
• Assisted living based from home
• Delinquent student loans

Fees:

• $450 or $550 Packaging Fee – only if loan is funded
• SBA Loan Guaranty Fee – 2% of the guaranteed portion of the loan will be deducted from the loan proceeds. ($85 - $425)
• $20 NON-Refundable fee for overnight and copy costs