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Small Business Administration Loans
The perfect funding

We can help you take advantage of the benefits of a Small Business Administration (SBA) loan. As an experienced SBA lender, Sterling can guide you through the process for a government-guaranteed loan with competitive financing for younger or rapidly growing companies.

Features SBA 7a Loan SBA 504 Loan SBA Express Loan

Use of Proceeds

Acquisition, Construction/Renovation, Refinance, Working Capital Equipment

Acquisition, Construction/Renovation

Revolving Business Line for any Business need

Maximum Loan Amount

$2,000,000

$10,000,000

$350,000

Interest Rate

Fixed or Variable tied to Prime

Fixed or Variable on Bank 1st

SBA 2nd – Fixed

Variable tied to Prime

Maximum Loan to Value on Core Collateral

100%

90%

N/A

Loan Terms

10-25 Years Fully Amortized

Same as Conventional

20 Years Fully Amortized on SBA 2nd

Revolving Line of Credit

Prepayment Penalties

For the First Three Years on Terms Over 15 Years

Varies on Bank 1st

For the First Ten Years on SBA 2nd

N/A

Points

0.85% to 2.63%
Depending on Loan Amount

Varies (call for quote) on Bank 1st

2.45% on SBA 2nd

Varies (call for quote)

Fees

$950 Loan Documentation Fee

$1,000 Loan Documentation Fee

$950 Loan Documentation Fee

Contact your local SBA loan office today. We’ll get you on your way to a loan that’s just your size.

 

 

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