SBAOur goal is your success.
Our SBA department is experienced in simplifying the lending process to better meet each customer's specific needs. As a member of the Preferred Lender Program (PLP), we can obtain SBA approval on the same day. CBB Bank is committed to providing exceptional services for the success of our customers.
SBA 7(A) Loan Program
Eligible SBA Loan Purposes
- Up to $5,000,000
- Loan Terms: 7 to 25 years
- Quick decision and pre-approval process (As a PLP Lender)
Real Estate Purchase
Business property financing with loan terms up to 25 years. (Must be at least 51% owner-occupied)
Business acquisition financing with loan terms up to 10 years.
Refinance existing debt with lower interest rates fully amortized with loan terms of 7-25 years.
Borrow up to $5 million with a maximum loan term of 10 years.
Business expansion loans including start-ups, property acquisition, and construction.
Machinery & Equipment Purchase
Business equipment financing including furniture, fixtures, and leasehold improvements.
SBA 504 Loan Program
The Certified Development Company (CDC) provides a long-term, low fixed-rate, 2nd Trust Deed financing in combination with CBB Bank 1st Trust Deed conventional loan for commercial property purchase. CDC works with the SBA and CBB Bank to provide financing to small businesses. The program allows business owners to contribute as low equity as 10% into a project.
- Minimum 10% down payment (15% minimum down payment is required for special purpose properties)
* Credit is subject to approval. Normal credit standards apply.