Small Business Administration (SBA) Loans
Meeting the needs of today’s smaller businesses.
Small businesses often have big needs. They can include working capital, real estate, equipment, fleet vehicles, debt consolidation, and more. They're best met with the right banking partner and agreeable down payments. Our Small Business Administration loans1 can help. Fixed- and variable-interest rate options, for example, are available for loans up to $5,000,000.
KEY BENEFITS:
- Offers fixed or floating interest rates
- May provide smaller down payment requirements than conventional financing
- Implements no penalties for prepayment of loans under 15 years
- Offers lower monthly payments with terms up to 25 years
- No balloon payments
- May make available higher loan-to-value ratios
- Extends revolving lines of credit
- Clearly delineates fees that may apply such as application fee, packaging fee, and/or SBA guarantee fee2
CALL (760) 243-2140 TO GET STARTED
PROGRAM ELIGIBILITY REQUIRES A BUSINESS TO:
- Meet lending requirements and receive credit approval
- Have two years of successive operation
- Establish appropriate business and personal credit history
- Show profitability and cash flow that meets its new and current financial obligations
- Generate enough revenue to avoid reliance on investment income
TO OPEN AN ACCOUNT:
- Download and complete the application for a business loan
- Apply at your local Desert Community Bank branch
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1Subject to credit review and approval. Additional documentation may be required to obtain SBA financing. Must be eligible under SBA guidelines. Condition of financing may include automatic payment deduction from Desert Community Bank checking account.
2SBA guarantee fee may be waived on certain loans.