Small Business Loans
STATE SMALL BUSINESS CREDIT INITIATIVE 2.0 (SSBCI 2.0)
ELIGIBLE USE OF FUNDS:
Most any business purpose
MAXIMUM LOAN AMOUNT:
$1,250,000
INTEREST RATE:
Variable Option: Prime + 0%
Fixed Option: Prime + 1%
LOAN TERM:
Maximum 10 Years
(Amortization can be up to 25 years for Real Estate)
**All information is subject to change without notice.**
SBA COMMUNITY ADVANTAGE (7A) LOAN PROGRAM
ELIGIBLE USE OF FUNDS:
Most any business purpose
MAXIMUM LOAN AMOUNT:
$350,000
INTEREST RATE:
Variable Option: Prime + 0%
Fixed Option: Prime + 1%
LOAN TERM:
Up to 25 Years
**All information is subject to change without notice.**
SBAC DIRECT LOAN PROGRAM
ELIGIBLE USE OF FUNDS:
Most any business purpose
MAXIMUM LOAN AMOUNT:
$150,000
Higher limits may be applicable
INTEREST RATE:
Variable Option: Prime + 0%
Fixed Option: Prime + 1%
LOAN TERM:
Up to 10 years
Longer terms may be applicable
**All information is subject to change without notice.**
SAVANNAH REGIONAL SMALL BUSINESS CAPITAL FUND
ELIGIBLE USES OF FUNDS:
Most any business purpose
MAXIMUM LOAN AMOUNT:
$100,000
Higher limits may be applicable
INTEREST RATE:
Negotiated Rate
LOAN TERM:
Up to 10 years
May amortize for a longer period of time
**All information is subject to change without notice.**
SMALL BUSINESS CONTRACT/INVOICE LOAN PROGRAM
ELIGIBLE USE OF FUNDS:
Most any business purpose
MAXIMUM LOAN AMOUNT:
$150,000
INTEREST RATE:
Variable Option: Prime + 0%
Fixed Option: Prime + 1%
LOAN TERM:
Based on the number of draw requests
to perform on contracts in a timely manner
**All information is subject to change without notice.**