SBA Loans

Plumas Bank has Preferred Lender status with the United States Small Business Administration (SBA). Let our award-winning SBA team find the right lending solution to help your business succeed! 

Contact a Small Business Lending Officer

 

SBA 7(A) LOANS UP TO $5 MILLION

Use of Funds

•    Fully amortized, assumable
•    Business acquisition - as low as 15% down, up to 10 years
•    Equipment acquisition - up to 100% financing, up to 10 years
•    Permanent working capital - up to 7 years
•    Debt refinancing - 7 to 10 years
•    Purchase, construction, refinance or improvements (majority of space must be owner-occupied)

SBA Fee

•    SBA guarantee fee can be financed in most circumstances
•    Variable rates

 

SBA 504 LOANS UP TO $12.5 MILLION

Use of Funds

•    Purchase, construction and renovation of commercial, industrial or retail real estate
•    Can be combined with major equipment purchase
•    Majority of space must be owner-occupied

Loan Structure

•    Up to 65% LTV first mortgage on General Purpose Property - we provide up to $5 million
•    Up to 60% LTV first mortgage on Special Purpose Property
•    25% to 40% LTV SBA 504 second mortgage - SBA provides up to $4 million
•    10% minimum down payment

Terms

•    First Mortgage - 25 years, fully amortized
•    Fixed and variable rates
•    Second Mortgage - 25 years, fully amortized
•    Fixed rate is determined at SBA - guaranteed 504 debenture sale

Fees

•    First Mortgage - competitive fees
•    Second Mortgage - 2.65% (on average) plus legal review fee (SBA fee is financed)
•    Additional fees applicable on construction loans

 

Contact a Small Business Lending Officer