SBA Financing
Your business plans may have changed, but Village Bank is here to help you accomplish your goals, whether you’re starting up, trying to recover, or growing your business.
Your business plans may have changed, but Village Bank is here to help you accomplish your goals, whether you’re starting up, trying to recover, or growing your business. Offering SBA loans with flexible terms for your new or developing business needs, including:
Purchasing a building or equipment
Business Acquisitions
Working Capital
Refinancing existing debt
What is SBA Financing?
SBA loans are business loans made by participating lenders and partially guaranteed by the U.S. Small Business Administration. These programs are designed to help eligible small businesses access financing for a variety of business needs.
Village Bank can help you review your goals, understand available options, and determine whether SBA or conventional financing may be a good fit.
Common Uses for SBA Loans
Business acquisitions*
Working capital
Equipment purchases or upgrades
Eligible debt refinancing
Best for major
fixed asset financing
A long-term financing option often used for major fixed assets, including owner-occupied commercial real estate, construction projects, building improvements, and major equipment investments.
SBA Express Loans
SBA 504 Loans
Leasehold improvements
Owner-occupied commercial real estate
Business expansion
Startup financing, subject to additional review*
Partner buyouts
*Startup financing and business acquisitions may require additional documentation and review.
SBA Loan Options**
SBA 7(a) Loans
Up to $5 Million
A flexible SBA loan option commonly used for working capital, equipment, business acquisitions, eligible refinancing, real estate, leasehold improvements, and other business needs.
**Loan amounts, SBA participation, terms, and eligibility vary by program, project type, borrower qualifications, and underwriting review. A Village Bank Business Banker can help determine which SBA option may fit your request.
What is SBA Financing?
Up to $500,000
An SBA loan option is often used for smaller financing needs, such as inventory, receivables, seasonal working capital, or short-term business opportunities.
How do I know if an SBA loan is right for my business?
The best first step is a conversation with a lender. SBA financing may be a good fit for businesses seeking longer repayment terms, lower down payment options, working capital, equipment financing, real estate financing, eligible refinancing, or business acquisition financing. Village Bank can help determine whether SBA or conventional financing may be the better fit.
Can startups apply for SBA financing?
Yes, startups may be considered, but they typically require additional review and documentation, such as business plans, projections, market analysis, resumes, and financial information.
What can SBA loans be used for?
SBA loans may be used for many business purposes, including working capital, equipment, business acquisitions, eligible debt refinancing, leasehold improvements, and owner-occupied commercial real estate.
How long does the SBA loan process take?
Timelines vary based on the loan type, project complexity, documentation, SBA requirements, and underwriting review.
Does Village Bank require an existing banking relationship?
No. You do not need to have an existing banking relationship with Village Bank to start an SBA lending conversation.
What is the difference between SBA 7(a) and SBA 504?
SBA 7(a) loans are often used for flexible business needs such as working capital, inventory, equipment, business acquisitions, and eligible refinancing. SBA 504 loans are commonly used for fixed assets such as owner-occupied real estate, construction, expansion, or major equipment.
SBA Guidance with Local Decision-Making
Village Bank is an SBA Preferred Lender, which means we have delegated authority from the Small Business Administration (SBA) to make certain lending decisions locally. Our lending staff takes a relationship-focused approach, helping business owners understand their options and determine whether SBA or conventional financing may be the right fit.
