A SBA Loan provides financing for various purposes for your small business under guarantee of the U.S. Small Business Administration (SBA), a federal agency created to provide financial assistance for small businesses.
A SBA loan provides the longest term available to repay the loan.
Requires a low down payment for the purchase of real estate, business and equipment.
A SBA loan provides financing for various purpose for your small business as follows:
Purchase, construction, renovation or refinance of commercial real estate for business purposes
Purchase of land for purpose of construction
Purchase of equipment
Business acquisition and expansion
Working capital and inventory financing
The 504 Certified Development Company (CDC) Program provides long-term, fixed rate financing, CDCs work with the SBA and BankAsiana to provide financing to small businesses.
SBA loans can be financed with 10% equity from the small business, 50% BankAsiana, 40% Certified Development Company (Total up to 90%).
Financing for major fixed assets, such as land and building, machinery, and equipment.
Requires low down payment for the purchase of major fixed assets.
The Express Loan Program provides a term loan or revolving line of credit for you, the small business owner. Loan funds can be used for any business-related purpose.
Maximum loan amount is $350,000.
Offers a business revolving line of credit.