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GROW YOUR BUSINESS

SBA LOANS

Whether you are looking to expand your business, purchase commercial real estate, large equipment or a partner buy-out, an SBA loan can help you achieve your goals.

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Why consider SBA Financing?

Whether you want to expand or acquire another business, purchase or renovate real estate, buy equipment or need money for a business transition, a Small Business Administration (SBA) loan from Firstrust can be the financing solution to help your business grow.

We will sit down and talk to you to help put together the right loan structure that makes sense for your business needs.

The SBA granted Firstrust Preferred Lender Status (PLP Lender) because of our knowledge and expertise in SBA lending. This status, along with having all loan decisions made locally, means you can expect fast credit decisions and an overall hometown advantage.

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SBA Eligibility Guidelines

To be eligible for an SBA loan, a business must meet the following SBA guidelines:

  1. Operate for profit
  2. Be engaged in, or propose to do business in, the U.S. or its territories
  3. Use alternative financial resources, including personal assets, before seeking financial assistance
  4. If purchasing commerical real estate, 51% or more must be owner-occupied


SBA Lending Criteria

The following are general lending criteria guidelines for an applicant:

  1. 2+ years in business
  2. Financial strength and credit history
  3. Must have industry related management experience
  4. Historical profitability and cash flow of the business being acquired (if buying another business/business acquisition)
  5. Additional collateral may be required only when available
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