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.**

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.**

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.**