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Small Business Administration (SBA) Loans

We strive to help local, small businesses succeed.  That's why we are proud to offer several government assisted financing options.


Key Features

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Competitive Rates
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Flexible Terms
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Local Decisions

  • Available for start-up businesses, as well as purchasing and refinancing existing businesses
  • Government-assisted help for businesses that might otherwise have difficulty getting approved
  • Special financing for qualifying businesses
  • Competitive rates for a wide range of business needs:
    • Commercial real estate purchase
    • Construction
    • Business acquisition or expansion
    • Equipment/inventory purchase
    • Working capital
    • And more
  • A wide range of lending options available
  • Generally lower down payments and extended terms
  • Additional considerations taken when deciding maturity*
  • Flexible repayment terms tailored to the needs of your business
  • Local decisions made here in Nebraska
  • Friendly and responsive service focused on you, from start to finish
SBA 7(a) loans are the most common type of SBA loan. These loans go up to $5,000,000 and can be used for working capital, to refinance debt, or to buy a business, real estate, or equipment. Two popular loans, the SBA Express Loan and the SBA Advantage Loan, are part of the 7(a) loan program.

SBA 7(a) loans are right for most businesses looking to finance their working capital needs. These loans are what most people are referring to when they ask about SBA loans and can be used for pretty much any business purpose. SBA loans are popular because of their long repayment terms and low interest rates, which make 7(a) loans one of the most affordable working capital solutions.
The standard SBA 7(a) loan is that the application process can take months. The SBA Express program addresses this problem, the SBA offers an expedited processing service called the SBA Express Loan Program.

The SBA Express Loan generally follows the same guidelines as the standard SBA 7(a) loan, but the maximum loan amount is $500,000.  The SBA guarantees a maximum of 50% for SBA Express loans which means the interest rates on an SBA Express loan can be a bit higher than other 7a loans.
The CDC/SBA 504 loan program is for small businesses looking to buy or build owner-occupied commercial real estate. The program pairs two lenders together to fund these projects, a bank or traditional lender and a community development corporation (CDC). The bank lends up to 50% and the CDC lends up to 40%, while the remaining 10% of the project’s costs come from the borrower, typically in the form of a cash down payment. Special purpose projects may require an additional down payment.

 SBA 7(A) SBA 504
Loan Type Term Note Term Note
Best Used For Purchase land or buildings, expand/renovate/construct buildings, purchase equipment, fixtures, lease hold improvements, inventory, working capital, and refinance of loans used initially for any of the above. Purchase long term fixed asset such as commercial real estate or large piece of equipment.
Maturity 5-10 years for working capital and equipment, 25 years for real estate. 10, 20 or 25-year term.
Maximum Loan Amount $5 million SBA loan $5.5 million, no project maximum
Interest Rate Options Variable or Fixed Fixed
Collateral Requirements No minimum collateral requirements, commercial real estate must be a minimum of 51% owner occupied. 90% of project value related to property purchased, commercial real estate must be a minimum of 51% owner occupied.





*Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed.
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HELOC

Turn that equity into affordable financing.

  • Turn your home equity into cash you can use
  • Flexible repayment terms tailored to you
  • And much more