Business Loans

Commercial Loans

Small Business Loans and Lines of Credit

Provides your company with flexibility for temporary and ongoing working capital needs.
Allows you to re-borrow and repay as often as you require.

SBA 7(a) and 504 business loans

	SBA 7a	SBA 504	USDA B&I
Benefits:	Typically longer terms than conventional financing Lower down payment Fully amortized More flexible qualifying standards than conventional financing	Typically lower rate (blended) than conventional financing Longer term than conventional fully amortized loans Up to 90% combined loan to value on real estate purchase	Lower down payment to conserve working capital Longer term than the conventional financing Fully amortized loans Up to 80% loan-to-value on real estate purchases, subject to underwriting guidelines
Uses:	Purchasing, constructing, or renovating commercial real estate (must be owner-user w/51% occupancy) Purchase inventory or fixed assets Working capital Refinance of existing business debt	Purchase, construct, or renovate commercial real estate (must be owner-user w/51% occupancy) Purchase equipment with useful life of at least 15 years	Purchase, construct or renovate commercial real estate for owner-users Purchase equipment Develop commercial lease projects
Terms:	Real estate loans up to 25 years Machinery and equipment up to 10 years Working capital up to 10 years	Bank Loan: up to 25 years fully amortized SBA/CDC Loan: 20 years for real estate and 10 years for equipment  Interest rate fixed for term	Real Estate loans Up to 80% loan-to-value, subject to underwriting guidelines; up to 30 years fully amortized Machinery and equipment; up to 15 years

Update:  HR 5297 passed by the House of Representatives and signed by the President on September 27, 2010.

This legislation will:
-  IMMEDIATELY waive SBA loan fees for SBA 7(a) and 504 loans throught December 31, 2010.
-  IMMEDIATELY provide SBA 7(a) lenders with a 90 percent guaranty through December 31, 2010

And:
-  SOON increase the maximum SBA 7(a) loan amount to $5,000,000
-  SOON increase the maximum 504 debenture amount to $5,000,000
-  SOON allow 504 loans to be used for the refinance of commercial real loans for the next two years (expect additional rules and restrictions)
-  SOON increase the definition of a small business to be a company with net profits less than $5,000,000

For additional information regarding the SBA and its products, please visit http://www.sba.gov/localresources/district/nv/index.html 

Term Loans

Can be used to finance equipment purchases, permanent working capital or  capital expansion.

Government Guaranteed Loans

Funds available for small business loans, working capital loans, or long term projects.

Construction Loans

Available for both commercial and residential properties.

Real Estate Loans

Commercial real estate loans (Bank Portfolio and Secondary Market).

Short Term Notes

Land Development

Letters of Credit

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