Get a loan tailored to your small business needs. As an SBA Preferred Lender (and local bank), we can get you a decision back fast — so you won't miss a step in building your business.

Details

SBA Loans help meet your financing needs by offering:

  • Longer terms (up to 10 years for working capital, equipment and machinery; up to 25 years for real estate)
  • Flexible repayment options
  • Lower down payments
  • Improved cash flow so you can use your cash to grow your business and not on your loan payment
SBA Loan Programs

If you are a first-time business owner, you’re looking for more flexible terms, or you need an alternative to transactional financing, the U.S. Small Business Administration (SBA) offers a variety of loan programs to help businesses grow.

General Small Business Loan: 7(a)

If you own a small, for-profit company or franchise, and you need additional funding beyond your personal assets, consider applying for this popular SBA loan program with a maximum loan amount of $5 million.

SBA Express Loans

SBA Express is available for revolving lines of credit or term loans up to $350,000 and offers a streamlined process with fast turnaround.

Export Express Loans

This program helps your business develop new export markets or to expand your existing export activities. The easy-to-use line of credit also offers a streamlined application process.

CAPLines

Designed to help small businesses meet short-term and cyclical working capital needs, the CAPLines program can be used to finance certain construction costs and contracts or manage seasonal working capital needs.

Real Estate & Equipment Loans: CDC/504

The SBA offers loans for fixed assets, like real estate or equipment, to Certified Development Companies (CDC). Eligible U.S. companies have a tangible net worth less than $15 million and an average net income less than $5 million for two years.

Compare the SBA Loan types side-by-side:

General Small Business (7a)SBA ExpressExport ExpressCAPLinesReal Estate & Equipment – CDC/504
Uses
  • Start-up/Acquisitions
  • Expansions, renovations & new construction
  • Consolidate debt
  • Land or building purchases
  • Working capital
  • Revolving line of credit
  • Revolving line of credit
  • Standby letters of credit
  • Seasonal or short-term working capital needs
  • Purchase equipment or real estate
  • Construction and renovation
Benefits
  • Long-term financing
  • Fixed maturity
  • Flexible terms
  • Flexible collateral requirements
  • Easy to use as a revolving line of credit
  • Flexible collateral requirements
  • Easy to use as a revolving line of credit
  • Flexible collateral requirements
  • Term loans available for export related costs
  • Revolving line of credit
  • Available to assist on large working capital lines
  • Low down payment
  • Fees can be financed
  • Long-term fixed rates
Amounts Up to $5 million (no guarantee fee for loans $150,000 and under) Up to $350,000 Up to $500,000 Up to $5 million Up to $5.5 million (depending on business type)

Minnwest is proud to be an SBA Preferred Lender, which means we can streamline the SBA loan application process, fast-track approval times and provide quicker access to funding.

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