SBA loan programs offer vital financial assistance to small businesses, providing access to funding with favorable terms and conditions. Whether you're seeking to start or expand your business, these programs offer flexible financing options and longer repayment terms, empowering you as an entrepreneur to achieve your goals and fuel economic growth. At Encore Bank, we offer four prominent SBA loan programs.
This loan offers versatile financing options with flexible terms and favorable interest rates. Provides funding for purposes such as working capital, equipment purchase, business acquisitions and debt refinancing and is ideal for startups and established businesses alike.
Up to 10 years for non-real estate projects
Up to 25 years for owner-occupied real estate projects
Up to $5,000,000 loan amount
Where small businesses find big opportunities. Designed to fuel growth and innovation, these loans offer flexible financing solutions tailored to the specific needs of small enterprises.
Maximum of $500,000 with SBA guarantees ranging from 75% – 85%
The loans are credit scored through SBA’s credit scoring model, subject to a minimum credit score
The loans have relaxed underwriting and collateral requirements compared to SBA 7(a) loans over $500,000
Terms, interest rates and conditions are the SBA 7(a) loans over $500,000
The lifeline for businesses in need of flexible financing to support day-to-day operations and growth initiatives. Designed to provide quick access to funds, these CAPLines offer tailored solutions to optimize cash flow and seize new opportunities.
Used to fund the short-term operating capital needs of the business
SBA term can be for up to 10 years and have to be reviewed and renewed annually, similar to conventional commercial revolving lines of credit
May or may not be monitored by a Borrowing Base Certificate, depending on how conventional commercial revolving lines of credit are serviced
Loans > $50,000, Term < 7 years: Maximum interim rate = WSJ + 2.25%
Loans > $50,000, Term > 7 years: Maximum interest rate = WSJ + 2.75%
Adjusts as frequently as monthly with any change in WSJ
Maximum of $5,000,000 (SBA guarantees lesser of 75%, or $3,750,000) loan amount
This loan allows small businesses to find the support they need to invest in long-term growth and stability. Tailored to facilitate owner-occupied commercial real estate and heavy equipment purchases, this program offers favorable terms and low-down payments, empowering entrepreneurs to acquire essential assets and expand their operations.
Up to 10 years for heavy equipment projects
Up to 25 years for owner-occupied real estate projects
Loan amount: total project is not limited