SBA (Small Business Association) Loans are often associated with high-risk businesses and processes entrenched with bureaucratic red tape. With today’s SBA program, that couldn’t be farther from the truth. With authorization to operate under the SBA’s Preferred Lending Program (PLP), Central Bank & Trust has the authority to approve, process, and close the loan on the SBA’s behalf. This results in a much more streamlined and competitive loan process.

Most small businesses are eligible for SBA Financing, and it’s the product of choice thanks to flexible and advantageous terms. However, working with an experienced SBA lender like those with Central Bank & Trust is critical for a smooth process. Even though the program has made great strides in becoming more user-friendly, the lender’s process and experience are what truly differentiates an exceptional client experience from one that is muddied by questions and concerns.

Central Bank & Trust offers two types of SBA loans:

7(a) Loan: The more versatile of the SBA financing options, proceeds from a 7(a) Loan can be used for commercial real estate, property improvements, business acquisition, equipment, inventory, debt, refinance, working capital, and much more. These loans can be permanent or revolving and may range from one to 25 years.

504 Loan: A 504 loan is a long-term loans for land, buildings, and other substantial fixed assets.

As a small business owner or entrepreneur, the best way to find out how you can take advantage of these programs is by connecting with the Central Bank & Trust team today.