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SBA Financing

As an SBA Preferred Lender, First American Bank can approve and process your small business loan right away.  Our vast experience with SBA guaranteed loans could help you obtain the financing you need, with the terms you can afford.

All businesses considered for financing under the SBA loan program must meet SBA size standards, be for-profit, not already have the internal resources (business or personal) to provide the financing, and be able to demonstrate repayment.
 
Loan proceeds can be used for most sound business purposes including working capital, machinery and equipment, furniture and fixtures, land and building (including purchase, renovation and new construction), leasehold improvements, and debt refinancing (under special conditions).

First American Bank works with the following SBA programs:

SBA 7A
Guaranty program with term loans up to $2,000,000.

  • 85% guarantee for loans up to $150,000
  • 75% guarantee for loans from $150,001 up to $2,000,000

SBA Express
The SBA Express program provides borrowers a streamlined method to obtain SBA backed financing for term loans and revolving lines of credit.  First American Bank uses its own credit decision process and loan documentation, and borrowers get access to their funds faster.

First American Bank works with the following SBA Express programs:  SBA Express, SBA Community Express, SBA Export Express, and SBA Patriot Express.

SBA Express
Guaranty program with term loans and revolving lines of credit up to $350,000.

  • 50% guaranty for loans up to $350,000   [top]

SBA Community Express
Guaranty program offered to pre-designated geographic areas serving mostly Low and Moderate Income areas and New Markets small businesses, with term loans and revolving lines of credit up to $250,000.

  • 85% guarantee for loans up to $150,000
  • 75% guarantee for loans from $150,001 up to $250,000   [top]

SBA Export Express
Guaranty program for existing businesses exporting or interested in exporting, with term loans and revolving lines of credit up to $250,000.

  • 85% guarantee for loans up to $150,000
  • 75% guarantee for loans from $150,001 up to $250,000   [top]

SBA Patriot Express
Guaranty program for eligible members of the military community, with term loans and revolving lines of credit up to $500,000.

  • 85% guarantee for loans up to $150,000
  • 75% guarantee for loans from $150,001 up to $500,000   [top]

SBA 504 Program
Loan participation program for financing owner occupied commercial real estate or long-term fixed assets. Provides a 20 year fixed rate financing on the Certified Development Company financing.

  • 50% financing by First American Bank, and is in a 1st lien position
  • 40% financing by a Certified Development Company, and is in a 2nd lien position
  • 10% Equity injection from principals
  • Startups or special purpose facilities require an additional 5% equity injection each   [top]

SBA Export Working Capital Program
Guaranty program that provides short-term working capital to exporters.  The Export Working Capital Program is a joint effort of the SBA and the Export-Import Bank, and is meant to provide a unified approach to the government's support of export financing.

  • 90% guarantee for loans up to $2,000,000   [top]
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