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Small Business Administration (SBA) Loans

Bank of George is distinguished as an “SBA Preferred Lender.” As a leader in SBA Lending, we are able to provide a quicker, more streamlined process for our borrowers. Call us today at 702-851-4200 to speak with one of our SBA loan experts and find out more about how you can get the capital you need to grow your business.

SBA 7(a) Loan Programs

Providing an attractive alternative to conventional loans, the SBA 7(a) program helps small businesses grow by offering longer amortizations, lower equity contributions and flexible terms. Almost any type of for-profit business is eligible. Commercial real estate must be partially occupied by the borrower.

SBA 504 Loan Program

The SBA 504 Loan Program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. 504 loans are made available through Certified Development Companies (CDCs), which are established by the SBA as non-profit corporations designed to support local economic growth. SBA 504 Loans are structured by distributing the loan among three parties. Typically, the SBA CDCs provide 40% of the total project costs, Bank of George provides up to 50% of the total project costs, and the borrower contributes 10% equity into the total project.