These loans are backed by the Small Business Administartion of the federal government and are intended to promote small business growth by offering longer terms and access to funds for smaller companies. In addition to offering credit to businesses that might not otherwise find it, SBA loans often enable the borrow to stretch out repayment over a longer period of time and eliminate balloon payments. United Bank is a Preferred SBA lender, with abundant experience in providing all types of SBA loans.

Features:

• Available for real estate financing up to 25 years, or equipment/working capital loans for up to 10 years
• Rates are negotiable and subject to current market conditions
• 7(A) program - the most common SBA loan - available for loans between $150,000 and $2,000,000
• 504 loans also available with 10% down financing depending on type of property and experience level of borrower

UNITED BANK COMMERCIAL LENDERS