FSG Bank is a SBA Preferred Lender. That means we can work faster for you. As a preferred lender, we can make final credit decisions and other determinations that speed up your loan process, meaning you can get the money you need without a long wait.
So whether you’re looking to finance a startup business or looking to have more money available for your business’ operations, FSG Bank has SBA lending solutions such as the SBA 7(a), SBA 504, and USDA B&I to meet your needs quickly. To speak to a SBA Loan Specialist about specific options, click on the information button below.
SBA Loans 101
What is a SBA Loan?
The SBA, or Small Business Administration, works to help small businesses live and thrive in the U.S. marketplace. The SBA doesn’t supply the funding in the Small Business Administration Loan but instead works with lenders like FSG Bank, providing a percentage guarantee on the Small Business Loan.
What can the SBA Loan do for my business?
SBA Loans can be used for a variety of projects, including (but not limited to) the purchase, construction, renovation, or refinancing of commercial real estate; business aquisition; updating or refinancing machinery; and debt refinancing. Depending on the specific loan you apply for, you may also enjoy benefits of a smaller down payment and a longer time to pay the loan back. This means you have more money available for your operations and less tied up in repaying the amount. Most for-profit small businesses can take advantage of SBA lending.
Does my business qualify for a SBA Loan?
Small businesses must meet certain criteria to qualify for an SBA Loan, including possible size requirements, financial standing, and for-profit industry status. SBA Loans cannot be made to a small business if the borrower has access to other financing that offers reasonable terms. In addition, a small business must meet the credit qualifications of the lending partner. Term and conditions vary between Small Business Loan options. Contact our loan professionals with questions about qualifying and to see which SBA Loan options are best for your business.