SBA Loans
Plumas Bank has Preferred Lender status with the United States Small Business Administration (SBA). Our small business lending team was established in 2007 and has funded more than $800 million in SBA loans. We lend in California, Nevada, Arizona, Oregon, Washington, Idaho, Utah, Montana, Wyoming, Colorado, New Mexico, Texas, Oklahoma, Kansas, Nebraska, South Dakota and North Dakota. Let our award-winning SBA team find the right lending solution to help your business succeed.
Contact a Small Business Lending Officer
SBA Lending Experts Help Business Owners Succeed
- 48- to 72-hour loan prequalification
- Quick and competent underwriting
- As little as 10% down for real estate purchases and 15% down for business acquisitions
- 10-year fixed rates for business acquisitions and 25-year fixed rates for real estate transactions.
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
Is an SBA loan right for your business?
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
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