SBA 7(a) Loans

If you are planning to establish a new business or need assistance in acquisition, operation or expansion of an existing business. Loans must be over $200,000.

SBA CDC/504 Loans

If you are in need of long term, fixed rate financing to acquire major fixed assets for expansion or modernization of your business.

What should I bring to the bank?

  • 3 years of tax returns on borrowers, guarantors and other interests.
  • If you are a start-up company, bring your business plan.
  • Personal and business identification numbers
  • Corporate documents including corporate by-laws

Who will I meet with about my loan?

Any commercial loan officer.

What’s next?

Fill out an application and personal financial statement. Then applications and documents are sent to SBA. Expect a 2 to 3 week loan approval process.

After the SBA 7(a) or SBA CDC/504 Loans Are Approved

Calumet orders appraisals and other documents needed for closing and schedules closing date