SBA Loans
Move your business forward with an SBA loan from Rising Bank.
Why an SBA Loan?
Designed to enhance cash flow and conserve capital, SBA loans may help you acquire a business, secure funding for equipment or expansion, acquire commercial real estate, and more. They offer longer repayment terms, lower down payments, and an easier qualification process than most conventional loans.
Rising Bank is Proud to be an SBA Preferred Lender
- Preferred lenders have the ability and authority to approve loan requests in-house, without requesting approval from the SBA. This cuts the approval time drastically and offers a much more streamlined business process.
- Preferred lenders can offer loans that are guaranteed for up to 90 percent of $5 million. They offer borrowers who qualify more options, giving them greater freedom in their loan requests. These types of loan requests include purchasing or refinancing owner-occupied real estate, business acquisition loans, construction loans, debt refinances, partner buyouts, and working capital.
- Preferred lenders offer small business owners the ability to acquire a business with as little as 10 percent down.
- Preferred lenders usually offer market interest rates and repayment terms from seven to 25 years and no prepayment penalties on loans under 15 years, and these loans are also assumable (with qualification).
- Preferred lenders are reputable and have a proven track record since they have an ongoing relationship with the SBA.
SBA LOANS WITH RISING BANK
Please use the online application for new SBA loan inquiries of $350,000 or more only. If you are looking for a smaller-sized SBA loan, please instead reach out to us directly at sba@risingbank.com and we will explore alternatives with you.
SBA 7(a)
- Designed for businesses looking to acquire an existing business, buy-out a partner, expand to another location, purchase real estate or equipment, or those looking to combine any of these needs into one loan.
- Appropriate for longer term financing for businesses with net worth below $15 million and an average net income below $5 million.
- Loan amount is up to $5,000,000. Terms are up to 25 years for commercial real established up to 10 years for all other purposes.
- Interest rates can be either fixed or variable.
SBA 504
- Designed for businesses looking to expand through land or building acquisition, construction, or equipment purchase.
- Appropriate for longer term financing for businesses with net worth below $15 million and an average net income below $5 million.
- Loan amount is up to $7,000,000 for the Rising Bank portion and up to $5,000,000 for the portion funded by a Certified Development Company.
- Terms are up to 25 years for commercial real estate and up to 10 years for machinery or equipment.
- Interest rates are fixed or variable.
SBA 504 Loan for Real Estate
SBA 504 Loan for Equipment
A Responsive Banking Partner to Help You Grow Your Business
Our Rising Bank team supports more than 6,000 businesses and nonprofits through loans, deposit accounts and treasury management services. Our dedicated SBA specialists are ready to provide game-changing assistance, applying years of experience to help you secure the funds you need.
WHY WE RISE ABOVE THE COMPETITION
Personalized Service
We provide personalized service and a dedicated relationship manager, not a 1-800 number.
Trusted Experience
Our team of dedicated SBA specialists are ready to provide game-changing assistance. We apply our years of expertise to help you navigate the SBA programs to secure the funding needed to grow your business.
Customized Solutions
We customize our banking solutions for each and every customer, offering a comprehensive list of products that meet your business needs.
Coordinated Efforts
With all teams working in concert, you benefit from coordinated and agile efforts that maximize your yield from your banking operations.
FREQUENTLY ASKED QUESTIONS
What are some advantages of financing a SBA Loan with Rising Bank?
When you partner with Rising Bank on your SBA loan, we will offer the following benefits:
- Quick Responses – We provide “live” local service with a dedicated relationship manager, not a 1-800 number.
- Coordinated Efforts – With lending, treasury and retail under one roof, you benefit from efficient efforts that maximize your yield from your banking operations.
- Customized Solutions – We personalize our banking solutions for each and every customer, offering a comprehensive list of products that meet your business needs.
- Experience You Can Trust – Our team of dedicated SBA specialists are ready to provide game-changing assistance for small business owners.
Let our experienced team help move your business forward
Our dedicated SBA specialists support more than 6,000 businesses and nonprofits through loans, deposit accounts and treasury management services. They are ready to provide game-changing assistance, applying years of experience to help you secure the funds you need.
What types of Small Business Administration (SBA) Loans do you offer?
We offer two types of Small Business Administration (SBA) Loans:
| SBA 7(a) | SBA 504 |
| Designed for businesses looking to acquire an existing business, buy-out a partner, expand to another location, purchase real estate or equipment, or those looking to combine any of these needs into one loan.Appropriate for longer term financing for businesses with net worth below $15 million and an average net income below $5 million.Loan amount is up to $5,000,000. Terms are up to 25 years for commercial real estate and up to 10 years for all other purposes.Interest rates can be either fixed or variable. | Designed for businesses looking to expand through land or building acquisition, construction, or equipment purchase.Appropriate for longer term financing for businesses with net worth below $15 million and an average net income below $5 million.Loan amount is up to $7,000,000 for the Rising Bank portion and up to $5,000,000 for the portion funded by a Certified Development Company.Terms are up to 25 years for commercial real estate and up to 10 years for machinery or equipment.Interest rates are fixed or variable. |
What is a Small Business Administration (SBA) Loan?
Small Business Administration (SBA) Loans are designed to enhance cash flow and conserve capital. SBA loans may help you acquire a business, secure funding for equipment or expansion, acquire commercial real estate, and more. They offer longer repayment terms, lower down payments, and an easier qualification process than most conventional loans.
How do I apply for a Small Business Administration (SBA) Loan?
Please contact us and one of our SBA specialists will help you find the financing option that is right for you.
