Small Business Administration Loans

Small Businesses, Big Dreams

Whether you are just starting a business, are in need of working capital, looking to purchase commercial real estate, or expanding your operations, we have an SBA program that is right for you.

As an SBA National Preferred Lender (PLP), Brenix Credit Union Bank can provide expedited services and faster turnaround to help your business thrive. We offer all the products and services you expect from a big bank with the high level of personal attention you expect from a local bank. With favorable loan terms such as low down payments, longer maturities, and smaller monthly payments, we will keep your financing smart and efficient.

Why choose SBA Loans?

  • Up to 90% financing for real estate vs. 65% offered by conventional programs
  • Longer term = smaller payment amount = potentially easier qualification
  • Up to 25-year loan term for real estate vs. 5- or 10-year terms by conventional programs
  • Up to 10-year term for other loan purposes vs. 3- or 5-year terms by conventional programs
  • Full amortization and no balloon payments = savings in time, paperwork, hassle, and money

You can use our SBA Loans for a number of needs, including

  • Real estate purchases
  • Debt refinancing
  • Business purchases
  • Equipment purchases or refinancing
  • Tenant improvements
  • Inventory purchase
  • Increase working capital
  • Other business needs unique to your field

We offer two major programs of SBA Loans, namely 7(a) and 504. Other programs such as EWCP, Export Express, and SBA Express are also offered. Please contact our specialists for more details.

Description

Provides small to medium-size businesses, established entrepreneurs, and professionals access to non-traditional sources of capital.

Borrowing Limit

Up to $5,000,000.

Term

Ranges from 10-25 years, depending on use of proceeds.

Rates

Variable, margin added to the Wall Street Journal Prime.

Purposes

Can be used for any recognized business purpose, including:

  • Real estate purchase/refinancing
  • Equipment purchase/refinancing
  • Inventory purchase
  • Debt refinancing
  • Tenant improvement or renovation
  • Business acquisition or buyout
  • General working capital

Eligibility Guidelines

There are maximum size limitations for eligibility for a SBA loan based on your type of business. The following are general guidelines only.

Manufacturing Maximum of 500 to 1,500 employees
Wholesale Maximum of 100 employees
Services Maximum of three years’ average gross sales of $3.5 to $14.5 million
Retail Maximum of three years’ average gross sales of $5 to $20 million

How to apply

  1. Fill out a standardized application form
  2. Provide financial and other documentation

Brenix Credit Union Bank provides a simplified package for the process. Our specialists are here to help you with the analysis, packaging, and SBA submission.

Get started by filling out our simple online form

Request More Information

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.

Need help?

To speak with our Small Business Lending specialists in more detail, please visit a branch location.

Give us a call at

+1 559 500 1009

Or send us a message

Email Us

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8:00 am to 7:30 pm PT