Small Business Administration (SBA) Loans
First Service Bank is an SBA participating lender and is approved to offer SBA loan products under SBA’s Preferred Lender Program and SBA’s Express Program. The Bank’s knowledgeable staff will work with you to help you meet your business goals and determine which program best fits your business needs. We offer the following types of SBA loans:
7(a) Loan Program
7(a) Loan Program offers qualified borrowers term loans for:
- new construction
- purchase land or buildings
- purchase equipment, fixtures, lease-hold improvements
- working capital
- refinance of debt
This program offers longer terms for a variety of financing needs. Maximum loan amount is $5,000,000.
SBAExpress Loan Program
SBAExpress Loan Program offers qualified borrowers:
- revolving lines of credit
- term loans for purposes listed above under 7(a) Loan Program
This program offers a streamlined process with a quick turnaround. Maximum loan amount is $350,000.