|
SBA 7(a) Loan |
SBA 7(a) Patriot Express Loan |
USDA B&I Loan |
USDA IRP Loan |
CDFI Loan |
| Who is this for? |
Small for-profit businesses |
For Veterans, Service-disabled veterans, active-duty members in TAP, reservists and National Guard Members, current spouses of the aforementioned and widowed spouse(s) of a service member or veteran who died during service or of a service-connected disability |
For-profit and non-profit businesses located in rural areas with a population of less than 50,000 |
Small for-profit businesses located in a rural area with a population of 25,000 or less |
Small for-profit businesses located in areas with income levels less than the U.S. Median Family Income |
| Approved Uses |
Variety of general business purposes (i.e. real estate, equipment purchases, fixed asset acquisition, and permanent working capital needs) |
Variety of general business purposes |
Business and industrial acquisitions, construction, conversions, expansion, repair, modernization or development costs, purchase of equipment, machinery, supplies, and start-up costs |
Acquisition, construction, conversion, enlargement, or repair of business facility; purchase or development of land; purchase of equipment, leasehold improvements, machinery, and supplies; start-up costs and working capital; pollution control and abatement; transportation services; feasibility studies; hotels, motels, B&Bs, and convention centers |
Variety of general business purposes, but a special emphasis is placed on the creation or retention of quality jobs |
| Approver |
BCI Lending |
BCI Lending |
BCI Lending and USDA Rural Development |
BCI Lending |
BCI Lending |
| Guaranty % |
If less than $150,000 up to 85%
If over $150,000 up to 75% |
If less than $150,000 up to 85%
If over $150,000 up to 75% |
Up to 80% |
N/A |
N/A |
| Maximum Loan Size |
Up to $2,000,000 |
Up to $500,000 |
BCI Lending max: $5,000,000 |
Up to $250,000 |
$25,000 or more |
| Maximum Amount Guaranteed |
Up to $1,500,000 |
Up to $375,000 |
Up to $4,000,000 |
N/A |
N/A |
| Type of Loan |
Term Loan |
Term Loan |
Term Loan |
Term Loan |
Term Loan |
| Loan Term |
Fully amortizing (no balloon) |
Fully amortizing (no balloon) Ends 12/31/2010 |
Fully amortizing (no balloon) |
Fully amortizing (no balloon) |
Fully amortizing (no balloon) |
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