What is an SBA loan?
SBA loans are small-business loans guaranteed up to 85% by the federal agency Small Business Administration. The guarantee gives the participating lenders more confidence to offer flexible terms and lower interest rates.
Why choose an SBA loan?
Why choose an SBA loan?
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Simplify Your Daily Operations
Whether you’re starting or growing a business, we have a checking account to help you manage your everyday operations. For a limited time, open a Standard Business Checking account and we’ll waive the monthly fees for six months.
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SBA Loans 101: Frequently Asked Questions
Everything you need to know about SBA loans and how your business can qualify.
Read More*Offer valid on applicable loans approved by 9/30/2021. Other fees and charges apply. Loan products are subject to Brenix Credit Union Bank’s application, underwriting, appraisal and credit approval requirements. All rates, terms, guidelines and products are subject to change or termination without prior notice. Other limitations and restrictions may apply. Please check with your loan officer for details.
1- Limited-time offer by the Small Business Administration (SBA) applicable to loans approved by 9/30/2021, subject to the availability of funds and subject to change based on further guideline updates by the SBA. Applicable to 7(a) and 504 Loans (Certified Development Companies only). The SBA will pay up to $9,000 of monthly principal and interest payments for up to 3 months per borrower.
2- Limited-time offer by the Small Business Administration (SBA) applicable to loans approved by 9/30/2021 and subject to the availability of funds. 7(a) Loans Guaranty Fee Waiver: The SBA Guaranty Fee is waived. 504 Loans Fee Waiver: The 0.5% third party lender participation fee and 1.5% CDC processing fee are waived.
3- Packaging fee waiver promotion available through Brenix Credit Union Bank, only applies to SBA 7(a) term loans and will be credited at loan funding. Applications must be received by 9/1/2021 with funding no later than 10/31/2021.