The U.S. Small Business Administration (SBA) offers several borrowing options for business owners and entrepreneurs, but the agency does not directly lend money; they partner with banks and community development organizations and establish guidelines for how those lenders can structure loans.The SBA lending experts at Metropolitan Bank make it easy for you to take advantage of the SBA backed loans available!
How can I use an SBA loan?
- Do you need a business loan to grow or fund an expansion?
- Are you ready to buy or build commercial office space?
- Do you need working capital to fund your growing company?
- Are you ready to purchase a business or franchise?
If you answered Yes to any of these questions, an SBA loan may be your best small business financing solution! Our SBA Experts are ready to help.
Why an SBA Small Business Loan?
The SBA offers a number of loan programs designed for business owners who may have challenges qualifying for a traditional bank loan. An SBA loan may offer longer term financing than is available through conventional means. In addition, the loans have a fixed maturity, and there is no prepayment penalty for loans under 15 years.
- Flexible terms
- Competitive interest rates
- Potential for lower monthly payments
- Fixed and variable rate loan options
- Loan amounts up to $5 million, depending on the SBA program
There are several loan programs available from the SBA, and the right program will depend on your use for the funds and other factors. The Metropolitan Bank SBA experts will help you determine which program is the best fit for your situation.
SBA 7(a) Loan and SBA Express Loan
- Good for business asset purchases and start-up companies
- All fees and costs associated with the project can be financed into the loan
- Products include term loans and working capital lines of credit
- May be used to refinance existing debt
- Equity from the borrower is flexible, depending on the project
SBA 504 Loans
- Generally for larger projects involving owner-occupied real estate acquisition, construction, and equipment
- Equity injection from the borrower, depending on the project, is flexible
- Bank works with local Community Development Corporations and SBA to provide project funding
- Can be used to refinance existing commercial debt with the possibility for fixed rates and longer terms
Saying Yes Faster
As a small business, you can choose from many SBA lenders. Why choose Metropolitan Bank? Our team will walk you through an easy-to-navigate application to determine if an SBA loan is a good financial decision. You can also apply by filling out the PDF version of our Business Loan Application (Opens in a new Window). And if it’s not right for your business, we’ll find the best financing option. Email, call, or visit—choose your channel, and we’ll collaborate on the quickest way to get to Yes!
To evaluate your specific borrowing needs, connect with a Metropolitan Bank SBA loan specialist today!
Metropolitan Bank: Your Partner in Business Success
As a community bank, our team has helped thousands of businesses succeed. We offer more than financing and loans for companies. As part of the Pennsylvania community, we’re also the patrons and customers of many of the businesses that come to us for support.To further discuss which SBA or business loan might be right for
your organization, contact one of our commercial lenders at 888.274.2033
or connect online.
A Leader in Small Business Financing
Metropolitan Bank is small business, just like you, and we know what it
takes to succeed. Many of our business clients return to our
professional and helpful bankers year after year for their financing
needs because they know they can trust us for practical, honest and
convenient assistance.
Whether you’re looking forward to the launch of your company or
have served customers for years, consider SBA loans as a flexible option
when you need financing. SBA loans can help if you want to start a new
business, refinance debt, pay for working capital, invest in equipment
or other needs, expand, buy business property or take on any other
project.
Metropolitan Bank’s SBA specialists can walk you through your financing
options and explain eligibility. We can help you compare options, so you
find the right fit. We can also guide you through the application
process. When you have questions, Metropolitan Bank has answers.
Metropolitan Bank is committed to helping business owners realize their
dreams. Small companies revitalize Pennsylvania’s economy and support
the wealth of our nation, and we express our gratitude by providing
professional and robust business services for our clients. For SBA’s
fiscal year ending September 30, 2016, Metropolitan Bank loaned more SBA
secured money to small companies than any other financial institution in
the SBA’s Eastern Division. We look forward to offering even more
support to small companies in the future.
If you’re ready to realize your business success and would like to discuss financing options, contact the business specialists at Metropolitan Bank. You can reach us online . We look forward to speaking with you!