SBA Loans
In partnership with the U.S. Small Business Administration, we are committed to helping Main Street businesses in our community thrive.
Talk to us if your business is looking for lending solutions outside a traditional business loan. Our dedicated team will walk you through the world of SBA financing.
Specialized financing for a growing business.
SBA loans are specifically designed to provide support and opportunities for small businesses. With these affordable and flexible financing solutions, you can start your new business venture or expand your existing operation.
Which SBA program is right for your business?
- SBA 7 (a) Program
The SBA 7 (a) program is the most common SBA loan program available. It's an ideal solution for businesses with less established credit that aim to fund improvements, enhance cash flow, refinance debt, or purchase real estate or equipment. Check if you are eligible here.
- Loan amounts between $50,000 - $5 million
- Between 5 and 25-year terms depending upon the loan use
- Fixed or variable interest rates available
- SBA 504 Loan Program
The SBA 504 Loan Program is designed for businesses financing long-term fixed assets such as real estate or major machinery or equipment purchases. Check if you are eligible here.
- Loan amounts between $25,000 - $5.5 million
- Between 10 and 25-year terms depending upon the loan use
- Fixed interest rate
Ready to get started?
You'll need to gather some documents and information to get the loan process started. Your Star Bank lender will work closely with you through the whole process so that you can get fast funding. Here's what you'll need to start:
- A Star Bank application form
- Three years of personal and business tax returns
- Resumes and identification for all involved parties, owners, and managers
- A business plan
- If applying for SBA 7(a) Loan Program, complete: SBA Form 1919