SBA Loans
Many small business owners find that their business needs are best satisfied through financing backed by the Small Business Administration (SBA). At Pacific Premier Bank we have an entire team of professionals who focus exclusively on helping customers apply for and receive SBA loans. The SBA offers a number of different loan programs to give entrepreneurs and small business owners access to the funds they need for continued growth and success. In general, SBA loans usually offer longer repayment terms and lower down payment requirements than other loan types.
SBA 7(a) Loans
The SBA 7(a) loan is the SBA's most flexible loan program and can be used for almost any business purpose. You can use the SBA 7(a) loan to purchase equipment, fund permanent working capital, purchase commercial real estate, expand or renovate existing facilities, make leasehold improvements, or fund business acquisitions.
SBA 504 Loans
The SBA 504 loan program provides long-term, fixed-rate, subordinate mortgage financing for the acquisition and/or renovation of capital assets including land, buildings and equipment for up to 40% of the project. This loan is generally accompanied by a first mortgage loan from the Bank at market rates for up to 50% of the project.
SBA Express Loans
The SBA Express loan is a streamlined loan program to provide working capital lines of credit in amounts up to $350,000. This loan provides greater flexibility in meeting your business's short and medium term financing needs.
