Details
PrimeSouth Bank provides long-term financing solutions to small businesses through participation with the U.S. Small Business Administration (SBA) guarantee loan programs and the USDA Business and Industry Guaranty loan programs. Loan programs offered are SBA 7a, SBA 504 and USDA B&I loans. We offer fast decision-making and processing from locals you can trust and professional, attentive service you can count on throughout the process. Now as an SBA Preferred Lender, we can provide easier and faster loan approvals with a more streamlined process.
There are a variety of benefits with SBA lending:
- Financing available for start-up business as well existing businesses
- Lower down payment requirements
- Longer terms and no balloon payments – terms from 10 years to 25 years1
- Competitive rates
- Eligible loan purposes:
- Commercial real estate purchase
- Construction/renovations/leasehold improvements
- Business acquisition or partner buy-out
- Equipment/inventory purchase
- Debt refinance/consolidation
- Working Capital
Benefits of SBA Preferred Lenders:
- Faster loan approval: SBA Preferred Lenders can make loan decisions without needing to submit applications to the SBA.
- Better loan terms: SBA Preferred Lenders may offer better rates and terms than other banks.
- More support: SBA Preferred Lenders may offer additional counseling and support to borrowers.
- More flexibility: SBA Preferred Lenders may have more flexibility in approval decisions.
- Streamlined application process: SBA Preferred Lenders may have simplified documentation requirements.
- Local presence: SBA Preferred Lenders may be local or regional financial institutions that understand the local business environment.
For more information, please contact Jake Walker, our SBA Business Development Officer, AVP:
Jake Walker
jakewalker@primesouth.com
912-283-6685
