Business Resources

SBA
Information

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SBA LOAN INFORMATION

Financing through conventional business funding or the SBA program is available to a wide variety of businesses, including women-owned businesses, minority-owned businesses, start-ups, expansions, construction, business purchase/acquisition, motel, equipment, retail, real estate, development, and other lending.

The SBA (Small Business Administration) is a federal agency which was established to be a source of financial service to small business in America.

The SBA's mission is to stimulate and foster economic development through small business, thereby helping grow the nation's economy.

The SBA will guarantee a portion of a business loan made by Q, providing the lending criteria is met. For a listing of SBA Loan options, please see below.

7(A) Loans

Term Loans
Short or Long-Term Financing; Various Uses of Funds

Expansion/renovation or acquisition of an existing business; new construction, purchase land or buildings; purchase equipment, fixtures, lease-hold improvements; working capital; refinance debt for compelling reasons; seasonal line of credit, inventory or starting a business.

All

SBA Express

Revolving Line of Credit Or Term Loan
Streamlined Process

May be used for revolving lines of credit (up to 7 year maturity) or for a term loan [same as 7(a)].

All

504 Loans

Long-Term, Fixed-Asset Loan
Low Down Payment - Refinancing Options*

QNB&T  coordinates with the Certified Development Companies (CDCs) which are licensed SBA Lenders (non-guaranteed), to provide secured financing for major fixed assets such as real estate or equipment. Financing secured by first lien on project assets. CDC loans are second lien loans, which are usually long term at fixed rates.

*For Refinance Options, if applicable: At least 85% of the proceeds of the loan(s) to be refinanced had to be originally used for eligble fixed assets. May include the financing of eligble business expenses as part of the refinancing.

All

Source: Based on U.S. Small Business Administration Guidelines: Does not include all programs, full policy and procedures: See a Q Banker for complete details.
February 2017, Version B

 

IF YOU ARE NOT SURE WHICH SBA LOAN IS RIGHT FOR YOU,
ONE OF MANY Q BANKERS WOULD BE HAPPY
TO HELP YOU IN PERSON, ON YOUR TIME.

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