Small Business Administration Lending (SBA)
CUB is proud to offer loan programs in partnership with the SBA, which includes both loans for start-up businesses, as well as larger loans to established companies looking to expand or retool their operations.
The U.S. Small Business Administration (SBA) plays a critical role in making financing available to small businesses for a wide array of purposes, from starting and growing a business to purchasing commercial real estate.
As an SBA Lender, we have proven to the SBA we have the knowledge and skills needed to effectively deliver SBA loans.
There are several reasons to choose an SBA loan over a traditional small business loan.
Here are just a few examples…
Lower down payments
A smaller down payment means your business can retain more cash on hand to support day-to-day business operations.
SBA loans are long-term loans, usually 10-25 years with no balloon payments. Longer terms mean lower monthly payments so your business will have more cash on hand to improve sales and growth.
No Operating Loan Covenants
This means your loan can’t be called or put into default over a ratio on your financial statements, as long as your payments are current.
We offer access to all SBA loan programs, with a special focus on the following:
- SBA 7(a) Loan Program – Available to qualified borrowers for expanding or acquiring a small business. This is the most popular option within the SBA’s business loan programs and is available to a wide range of borrowers.
Offer of credit is subject to credit approval.
To learn more about our SBA loan options, call 866.633.4450 and ask to speak with an SBA Lender.