Small Business Administration (SBA)
SBA is a branch of the federal government. At Financial Plus you have access to the two most popular SBA programs, 504 and the SBA 7(a). The SBA 504 loan program is used to finance the purchase of real estate and equipment and the SBA 7(a) loan program can be used to finance A/R, inventory, equipment and real estate.
Your SBA loan is funded by us, and a portion of the loan is guaranteed by the federal government. In order to obtain an SBA loan, businesses must meet certain qualifying criteria.
Ready to get started? Together our team of commercial experts bring knowledge and value that goes beyond our products. Learn more about our team below.
To qualify for an SBA Loan you'll need:
- Proof of cash flow
- 660 minimum credit score
- Management capability
- Collateral
- Personally guarantee the loan (only for individuals who own 20% or more of their business)
Meet our commercial lending experts:
Nathan Adams, Director of Commercial Lending >
Matt Schroeder, Commercial Lender >
John Hunter, Commercial Lender >
David Lopez, Commercial Lender
Amy Pierson, Business Sales Support Supervisor >
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Equal opportunity lender. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. See Credit Union for complete details.
