SBA 7(a) Loan Program*
SBA 7(a) loan is the SBA's primary loan program for providing assistance to your small business. As an SBA Preferred Lender (PLP), CBB bank is dedicated in providing expedited and personalized services to meet your business's financial needs.
What can you use your 7(a) loan for?
7(a) loan features
- Up to 25-year loan term for real estate
- Up to 10-year loan term for business acquisition, working capital, or equipment purchase
No pre-payment penalties for loan terms under 15 years
Three-year pre-payment penalty for loan terms greater than 15 years
Interest rate: Variable, based on the Wall Street Journal Prime
Low down payment
Personal guarantees required from all owners of 20% or more of the business
Personal assets may be required as additional collateral to meet SBA guidelines
*Terms and conditions apply and subject to credit approval.