SBA 7A
There is a common misconception that SBA 7(a) financing is for start-up businesses or businesses that cannot otherwise qualify for financing. To the contrary, our clients include successful medical professionals, manufacturers, wholesalers, retailers, attorneys, franchise owners and countless others. MetroPacific Bank’s clients choose SBA financing because of favorable loan terms which include:
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Highly leveraged financing
- Long-term, fully amortized loans
- No collateral requirements
- Minimal or no prepayment penalties
- Competitive rates.
So, whether you are looking to purchase new equipment, inventory, working capital, finance your franchise, acquire an existing business or to just simply start a new business, MetroPacific Bank will structure this program to fit your financing needs. Talk to one of our SBA experts to find out if you are eligible. Under the SBA 7(a) program, we offer loans up to $2 million; up to 90% financing on commercial real estate and up to 85% financing on business acquisition costs; 7-25 year terms; no prepayment penalty for loan terms under 15 years.
To visit the Small Business Association website Click Here