| SBA Lending |
State Bank is an SBA Preferred Lender. That means our customers receive faster loan processing for their SBA applications. These loans are excellent for businesses that want to expand or upgrade current facilities, construct new buildings, purchase equipment, etc. The repayment terms are generally more favorable than traditional loan programs. See a State Bank SBA Lender for details.
State Bank offers SBA assisted financing under two popular programs.
The 7(a) Program
Loan can be used to purchase or refinance real estate, construct improvements, purchase equipment, buy a business, expand a business, provide working capital or even start a new business. Loan amounts up to $2 Million with terms up to 25 years.
The 504 Program
Loan provides long-term financing for real estate and improvements and equipment/machinery. With fixed rate options, this program offers loans up to about $3.5 Million.
