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What is an SBA Loan?
As part of our commitment to support the growth and expansion of small businesses in the communities we serve, State Bank of Southern Utah is proud to offer Small Business Administration (SBA) loans. We have Loan Officers that are experienced in SBA Lending and will help guide you through the application process.
At State Bank of Southern Utah, we will work with you to match your financing needs with the appropriate lending program.
Types of SBA Loans
- SBA 7A & SBA Express Loans - The SBA 7A and SBA Express programs are the most common types of SBA loans. These loans are the best choice for businesses interested in financing a business acquisition, real estate, equipment, refinancing debt, working capital or a business start up. The SBA provides a guarantee that enables more flexibility in the lending process. SBA loans keep your monthly payments low by offering longer repayment terms and reasonable interest rates.
- SBA 504 Loans - The SBA 504 program provides long term financing for major fixed asset purchases such as the acquisition, construction, or improvement of owner occupied real estate and heavy equipment. The SBA 504 Loan features a low down payment, fixed rates and longer repayment terms than conventional loans.