 Online
Banking |
|
| Cash
Management |
| Cash
Management Demo |
|
| Loan
Products |
|
|
|
|
 |
|
 |
 |
|
SBA
Loan
Since Center Bank first offered SBA loans in 1989,
we have been active in providing small business
loans throughout California, Washington and Illinois. As a member
of Preferred Lender Program, PLP, we can obtain
SBA guaranty approval in two working days. The department
provides and specializes in major SBA loan programs,
including SBA 7(a), SBA504, and Express Loans. Our
experienced SBA department staff assists our customers
by tailoring loans to their specific needs. The
SBA department is committed to providing superior
service and in helping our customers succeed!
7(a) Loan Program
An SBA loan provides financing for various purposes
for small businesses under guarantee of the U.S.
Small Business Administration (SBA), a federal agency
created to provide financial assistance for small
businesses. Center Bank is a Preferred SBA Lender
having full loan approval authority on behalf of
the U.S. SBA.
 |
An SBA loan provides the longest terms available
to repay the loan for the borrower |
|
As a PLP lender, we can provide a faster
loan processing time compared to non-PLP |
|
lenders |
|
Requires a low down payment for the purchase
of real estate, business and equipment |
|
$50,000 to $2,000,000 in financing |
|
Loan Terms from 7 to 25 years, depending
on loan purpose |
|
Quick decision and pre-approval process |
An SBA loan provides financing for various purposes
for small businesses as follows:
|
Purchase, construction, renovation or refinance
of commercial real estate for business |
|
purpose. (owner-occupied) |
|
Purchase of existing business |
|
Purchase of equipment and machinery |
|
Working capital and inventory purchase financing
|
|
Business Start-up/ Expansion |
SBA
504 Loan Program
The SBA 504 loan program is the U.S. Small Business
Administration's long-term financing tool provide
by the SBA 504 Certified Development Company (CDC)
The CDC provides a long-term, fixed-rate financing
for fixed asset projects. CDC works with the SBA
and Center Bank to provide financing to small businesses.
The program allows business owners to contribute
as little as 10% equity into a project.
Eligible
Uses
|
Purchase, construction, renovation or refinance of commercial
real estate for business |
|
purpose. (owner-occupied) |
|
Purchase of long-term machinery and equipment
|
Typical
Financing Structure for SBA 504 Loan Program
|
50% Center Bank 1st Trust Deed Financing
|
|
40% CDC 2nd Trust Deed Financing |
|
10% Applicant's minimum cash down payment* |
|
* Minimum 20% down payment is required for
special purpose property such as motel/hotel |
With Center Bank's strong background and experience on SBA loan,
let us help finance the business of your dream.
Call Now (213)381-2222 to get more information or apply for an SBA Loan
|
|
|
