Reliance Bank is Your SBA Loan Connection

At Reliance Bank, our dedicated Business Bankers work with local businesses, small and large, to help business owners start, grow, and succeed. A Small Business Administration (SBA) Loan can provide businesses with financing options to meet their needs whether to start a new business, assist in the operation, acquisition, or expansion of existing clients.

Ask us about reduced fees on SBA 7(a) loans of $150,000 or less. Annual service fees and upfront guaranty fees are being waived by the SBA for a limited time. Other bank and third party fees may apply.

SBA Loan use might include:

  • Purchase land or buildings, to cover new construction as well as expansion or conversion of existing facilities
  • Acquire equipment, machinery, furniture, fixtures, supplies, or materials
  • Refinance existing businesses indebtedness, which is not already structured with reasonable terms and conditions
  • Short-term working capital needs
  • Purchase existing businesses
  • Maximum terms: Real Estate – 25 years, Machinery/Equipment – 10 years, and Working Capital – 7 years

Important SBA Loan Features and Qualifications:

  • Those owning 20% or more of the business must personally guarantee the loan
  • Borrower must have a minimum of 10% equity injection
  • Maximum aggregate SBA Guaranty – $3.75 million
  • Size Limit – Maximum tangible net worth $15 million or less, and 2-year average net income after federal income taxes of $5 million
  • Must be for-profit business and meet the SBA size standards; show good character, credit, management, and ability to repay.

SBA Programs Available from Reliance Bank Include:

  • 7(a) Loan
    • Maximum Loan Amount – $5 million
    • Maximum SBA Guaranty – $3.75 million
    • 85% SBA Guaranty on loans up to $150,000 and 75% SBA Guaranty on loans greater than $150,000
  • Express Loan
    • Maximum Loan Amount – $350,000
    • 50% SBA Guaranty
  • Rural Lender Advantage
    • Maximum Loan Amount – $350,000
    • SBA Guaranty same as 7(a) Loan
  • Patriot Express (for Veterans)
    • Maximum Loan Amount – $500,000
    • SBA Guaranty same as 7(a) Loan

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