Small Business Loans

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Whether you’re looking to purchase or make improvements to an existing commercial building, acquire land and build from the ground-up, buy equipment and supplies, refinance existing debt, or have other general business needs, an SBA 7(a) loan is the most viable option to help you expand your business.  With a U.S. government guarantee backing a significant portion of this, the most common SBA loan product, Brunswick Bank and Trust can provide business owners like you greater flexibility when conventional financing isn’t an option.  We have the local mind-set and expertise to structure an SBA 7(a) loan to fit your needs and achieve your dreams. Get to know us a little better!

Stop in or call one of our experienced lenders today @ (732) 247-5800.

SBA 7(a) Loans at a Glance

  • $5 million maximum loan size
  • Bank financing up to 90%
  • Variable and multi-year adjustable pricing
  • Repayment terms up to 25 Years
    • Business acquisition (no real estate) – 10 year maximum
    • Machinery & equipment – 15 year maximum
    • Real Estate (51% or more allocated to real estate – 25 year maximum)
  • Fully Amortized, no balloon payments
  • Three year prepayment penalty for loan terms greater than 15 years

To be eligible 7(a) loan assistance, businesses must be:

  • Located in the United States
  • Operate for profit
  • Be considered a small business, as defined by SBA
  • Be able to demonstrate a need for a loan
  • Use the funds for a sound business purpose
  • Have reasonable invested equity
  • Use alternative financial resources, including personal assets, before seeking financial assistance
  • Not be delinquent on any existing debt obligations to the U.S. government