1st United Bank recognizes that small businesses are the cornerstone of every community. Our Small Business Administration (SBA) loan program offers tailored and flexible financial solutions to help your business succeed. We participate in the two most actively used programs; the 7(a) term loan program and 504 fixed asset loan program.

Eligible Use of Proceeds
Features and Benefits
Basic Eligibility Requirements

7(a) Loan Program

• Purchase of owner-occupied commercial real estate
• Convert, renovate or expand an existing facility
• Construction of commercial purpose building
• Acquire and install fixed assets
• Purchase inventory, supplies, raw materials
• Working Capital
• Refinance Debt
• Acquisition of existing business
• Closing Costs
• Purchase of Franchise
• Combination of proceeds

504 Loan Program

• Purchase of owner-occupied commercial real estate
• Construction of owner-occupied commercial purpose building
• Purchase of fixed assets
• Closing Costs

7(a) Loan Program

• Low down payments - (as low as 10% financing)
• Longer repayment terms; (7- 25 year amortizations)
• No balloon payments
• Competitive Interest Rates
• Loans up to $2,000,000 (or higher under special circumstance)
• Prepayment Penalties on loans over 15 years

504 Loan Program

• Up to 90% financing
• No balloon payments
• Fixed interest rate

7(a) and 504 Loan Program

• Independently owned and operated for profit
• Products and Services available to the general public
• Must operate in the United States
• Principals of business must be of good character
• Must meet SBA size standards (see www.sba.gov/size)

Find out more about SBA loans by contacting one of our SBA experienced lenders.