Trust the experts
We can expedite access to various SBA loans and lines of credit that can help take your business to the next level.
SBA loan financing for your company’s big plans
At First American Bank, your business is a big deal, no matter its size. We're a U.S. Small Business Administration Preferred Lender (PLP), meaning our business lending team can expedite access to various SBA loans and lines of credit that can help take your business to the next level. We're ready to assist you and your small business, whether you're in Illinois, Wisconsin or Florida.
How SBA Loans Work
Think of the SBA (Small Business Administration) as an insurance company for lenders. They don't lend you the money directly, but they serve as a backstop, offering guarantees that give lenders the confidence to finance businesses that might not qualify for conventional loans. The SBA promises to pay a percentage of any loan after an event of default and subsequent liquidation.
SBA 7(a) Upfront Fees effective October 1, 2025 through September 30, 2026
For SBA 7(a) loans, including SBA Express and SBA Export Express loans, with a maturity date greater than 12 months, the Upfront Fees are:
| SBA Loan Size | Upfront SBA Loan Fee |
|---|---|
| $150,000 or less | 2.00% of the guaranteed portion of the loan |
| $150,001 - $700,000 | 3.00% of the guaranteed portion of the loan |
| $700,001 - $5,000,000 | 3.50% of the guaranteed portion of the loan up to and including $1,000,000, plus 3.75% of the guaranteed portion of the loan over $1,000,000 |
For loans to manufacturers (NAICS sectors 31-33) of $950,000 or less, the upfront fee is 0% (does not apply to MARC loans).
For all SBA Express loans made to businesses owned and controlled by a veteran or spouse of a veteran, the Upfront fee will be $0 in accordance with the Small Business Act.
Small Business Association (SBA) Loan Options
Address your short-term working capital needs with a variety of flexible line of credit structures, supporting facilities of up to $5 million.
