Lifting your small business to the next level
Thousands of businesses have benefited from the SBA’s backing — yours can too. Let us help guide you through the process.
Key Features
- Competitive rates
- Flexible terms
- Loan processing
Comparison Chart
| Loan Type | SBA 7(A) - Term Note | SBA 504 - Term Note |
|---|---|---|
| Best Used For | Purchase land or buildings, expand/renovate/construct buildings, purchase equipment, and fixtures, leasehold improvements, inventory, working capital, and refinance of loans used initially for any of the above. | Purchase long-term fixed assets such as commercial real estate or large piece of equipment. |
| Maturity | 5-10 years for working capital and equipment, 25 years for real estate. | 10 or 20-year term |
| Maximum Loan Amount | $5 million | SBA loan $5.5 million, no project maximum |
| Interest Rate Options | Fixed | Fixed (50% of total project) Variable (40% of total project) |
| Collateral Requirements | No minimum collateral requirements, commercial real estate must be a minimum of 51% owner-occupied. | 90% of project value related to property purchased, commercial real estate must be a minimum of 51% owner occupied. |
Overview
An SBA loan is a small business loan partially guaranteed by the U.S. Small Business Administration. With SBA loans, you can borrow money for nearly any business purpose—including adding to working capital, purchasing inventory or equipment, buying real estate, or even funding the acquisition of other businesses. Belgrade State Bank has years of experience with SBA Loans, and many awards from the SBA for the large loan volume that we close each year.
Belgrade makes the loan process as simple as possible by partnering with Holtmeyer & Monson, an expert in SBA policy. They are the only SBA lender service provider to earn the “stamp of approval” from the Independent Community Bankers of America. Together, we’ll work diligently to get your loan approved. And you’ll receive our personal, one-on-one attention from start to finish.
For more information, contact Ethan Nipper at ethann@belgradestatebank.com or by calling 573-436-5415.
SBA 7(a) Loans
Designed for the needs of small businesses looking to:
- Purchase an existing business
- Acquire land or a building
- Expand to another location
- Borrow working capital
- Buy equipment and inventory
- Available in loan amounts up to $5 million
- Backed by the U.S. Small Business Administration (SBA)
- Loan terms from 7 to 25 years (term varies based on loan type, application, or product).
- Affordable payment plans
- Easy to apply
- No prepayment penalties on loans less than 15 years in length
- Decision-making and processing are handled right here in Southeast Missouri
- Personalized service every step of the way
SBA 504 Loans
Designed for the needs of small businesses looking to:
- Expand through land or building acquisition
- Undergo construction
- Acquire major equipment/machinery
- Available in loan amounts up to $12.5 million
- Backed by the U.S. Small Business Administration (SBA)
- Loan terms up to 30 years
- Affordable payment plans
- Easy to apply
- Competitive rates
- Flexible terms
- Loans are fully amortized
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
To Get Started
View a Comparison Chart of SBA Loan Guaranty Programs (PDF) at SBA.gov.
Documents that can expedite your application before submission:
- Written business plan for new business purchases or expansion.
- Cost breakdown of intended funds, seeking approval.
- 3 years of forecasted projections for new businesses.
Refer to the following documents for assistance and aid in the process:
Note: We use these documents on every transaction we complete. They are interactive, so a borrower can enter information into the forms, and email it to a loan officer.
