SBA guaranteed loans offer small business owners financing on more favorable terms
for a variety of business purposes. Lower down payments and longer repayment terms
mean more of the business retains more working capital where it can generate additional
profits for your business.
There are three loan programs that offer distinctive advantages, depending on your
SBA 7(a) Program - Offers flexible term financing for virtually
any business purpose with variable rates, long-term repayment (up to 25 years),
and higher leverage for qualified business owners. This is an excellent choice for
buying or building real property, acquiring a business enterprise, or buying equipment
for your business. Maximum loan amount is $2,000,000.
SBA 504 Program - Offers long-term financing solutions specifically
aimed at acquiring capital assets for business expansion. The 504 Program provides
growing businesses with long-term, fixed-rate financing for major fixed assets,
such as land and buildings. Some additional restrictions required related to job
creation. Maximum loan amount is $6,000,000.
Contact us for more information at our Elkhart office at 574.295.9600 or our Goshen office at 574.533.2006 or via email at
Also, information regarding SBA Loans can be found at