SBA Loans
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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.
