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Small Business Administration (SBA) Loans

SBA 7(a) Loan

SBA 7(a) loans allow a business to borrow up to $5 million to use for such things as business expansion(s), equipment financing, real estate acquisition, working capital, starting a business or to refinance business debt.

SBA 7(a) Lending allows for more flexible loan terms with:

  • Up to $5 million in project financing, for up to 25 years for real estate and up to 15 years for non-real estate debt
  • Longer amortization to allow for lower loan payments and more flexibility for your business
  • Collateral dependency is not required to secure SBA financing and will have either variable or fixed-rate options
  • Closing costs associated with the loan can be included in the financing project
  • Equity Requirements are can be flexible with the 7(a) program, allowing for the business to capture their expansion, working capital needs when they need it!

SBA 504

SBA 504 loans allow a business to acquire and finance fixed assets such as equipment, machinery and real estate.

  • Up to 25 years on Real estate – creating a more amenable repayment plan
  • Up to 10 years (or useful life of the equipment) for equipment/Machinery
  • Equity requirements are conducive to supporting the small business with minimal equity injections of 10% - 20% of project costs.

Commercial Business Loans (Non-SBA)

Businesses are as unique as their owners and their financing needs vary. It requires a banker with a detailed understanding of the business and its financials to make an appropriate recommendation to help the business use financing to succeed. 

Our highly-trained bankers use advanced tools, such as INTEGRO360SM, to gain an understanding of the business and give the principals a perspective on their cash-flow that no other bank can offer. Though types of credit extensions are numerous, below are a few common types of credit that a business may need from a bank.

Term Loans

Term loans are the right solution for an identified purchase or project with a fixed cost, such as equipment, improvements, expansion, real estate or acquisitions. Term loans can offer fixed or variable interest rates and payments over a specified period and may fully amortize or offer a balloon. A Small Business Administration (SBA) Loan guarantee can be used to assist in creating additional terms for financing as well. 

Lines of Credit

Lines of credit help you manage your cash-flow cycle. They are a common solution for businesses that experience seasonality or longer cash-flow cycles that are typically created by a gap in costs and receivables. Lines of Credit can be secured by specific assets like receivables, inventory, real estate, cash, all business assets or unsecured. Lines are typically interest-only payments, have 12-24 month terms and have a variable rate. 

Real Estate Financing

Financing Commercial Real Estate for a purchase or refinance is usually done with a term loan. Common Commercial Real Estate loans offer 1-10 year maturities with amortizations over longer periods such as 15, 20 or 25 years and can offer fixed or variable interest rates off various indices. Advance rates can vary and a Small Business Administration (SBA) Loan guarantee can be used to assist in creating additional terms.

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