SBA Lending
As a Preferred Small Business Administration (SBA) Lender, we can offer quick processing of your SBA request. The advantages of using the SBA loan programs include:
- Longer terms for repaying your loan request.
- Lower loan payments.
- Improved cash flow.
- Lower collateral requirements.
- With the SBA guaranty, the bank is able to lend money to businesses that would not qualify for conventional bank financing.
At United American Bank we offer 7(a) and 504 loan products. Below is a summary of both programs:
SBA Program |
7(a) Loans |
504 Loans |
Use of Proceeds |
Working capital
Inventory
Purchase of fixed assets
Commercial Real Estate
Tenant Improvements and
Debt refinance |
Purchase of Commercial Real Estate
and other fixed assets |
Loan Terms |
7-25 years (depending on use of proceeds) |
20 years |
Interest Rates |
Variable, based on Prime |
Fixed Rate for 504 portion |
Loan to Value |
Up to 90% |
Up to 90% |
Max Loan Size |
$2 million |
$4 million |
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To be eligible for an SBA loan, the business must:
- Be an active for-profit business.
- Be a small business. Generally under $6 million in sales for retail and service businesses, under 100 employees for wholesale businesses and under 500 employees for manufacturing businesses.
- For real estate acquisitions, the business must occupy 51% of an existing building and 60% for new construction.
- Owners must be of good character and generally must be a US Citizen or Permanent Resident.
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Sunnyvale
Niki Wong
Senior Vice President Commercial Lending SBA Manager
408.636.1905
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