SBA loan programs lend to small businesses unable to secure financing on reasonable terms through normal lending channels. The loan programs are operated through private-sector lenders that provide loans which are, in turn, guaranteed by the SBA. Gold Coast Bank will help you assess if this is the right solution for your business.
SBA – 7(a) Loan Program
- Term Loans
- Lines of Credit
- Variable Rates
- Long Term Payment Options
- Uses: Working capital, machinery & equipment, leasehold improvements, furniture & fixtures, land & building, and start-up companies
SBA-504 Mortgage Program
- 90% Financing
- Long term repayment
- Fixed Rates
- Uses: machinery & equipment, expansion or modernization, business purchase, renovations, new construction