Small Business Administration Loans
Got a bold business idea? Our brilliant commercial bankers can help bring it to life. A Small Business Administration Loan from Reliance Bank could be just what your business needs to get going or keep growing. We offer multiple financing options across a range of terms to meet your specific business needs, making it as easy as possible to help you secure the loan you need.
Small Business Administration Loan Benefits
To qualify, your business must be for-profit and meet the SBA size standards, as well as show good character, credit, management, and the ability to repay your loan.
Yes. To be eligible, your business must have a tangible net worth of under $15 million or a 2-year average net income of less than $5 million after federal taxes.
Yes. Anyone who owns 20% or more of the business must personally guarantee the loan. Borrowers must also have a minimum of 10% equity injection.
Reliance Bank offers 7(a) Loans, Express Loans, Rural Lender Advantage, and Patriot Express Loans for veterans.
Borrow a maximum of $5 million, with a maximum guaranty of $3.75 million. Loans of up to $150,000 require a guaranty of 85%, or 75% on loans over $150,000.
With an Express Loan you, can borrow a maximum of $350,000 with a 50% guaranty.
A Rural Lender Advantage Loan allows you to borrow a maximum of $350,000 with a 50% guaranty. Loans of up to $150,000 require a guaranty of 85%, or 75% on loans over $150,000.
A Patriot Express Loan allows you to borrow a maximum of $500,000 with a 50% guaranty. Loans of up to $150,000 require a guaranty of 85%, or 75% on loans over $150,000.
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