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Small Business Lending - SBA Services

Small Business Lending - SBA Services

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Focusing on Small Business Lending is not a “movement” for us; it is a passion for us. It is a passion that has been the heart of our business from the beginning. Small business lending and building strong relationships with customers is what has kept our bank on Main Street since 1877. We believe in the community and believe in small businesses.

It's more than just a loan. It's a relationship. It's why we are the Bank of Washington.

Our SBA lending programs offer many solutions that can be proven cost savers for many customers. Contact us today to learn how an SBA Loan could fit into your business strategy.

Personal Financial Statement Form          Small Business Lending Starter Packet

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SBA Loan Comparisons

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Loan Program Loan Size Percent of Guaranty Interest Rate Maturity Use of Proceeds
7(a) Loans $50,000 - $5 Million
85% for loans $150,000 or less
75% for loans Greater than $150,000
 Negotiated between borrower and lender
Up to 25 years for real estate
Up to 10 years for business acquisition, equipment
5-7 years for working capital
Weighted average for mixed use requests
  • Purchase machinery, equipment, supplies, furniture, fixtures
  • Make lease-hold improvements, expand or renovate facilities
  • Purchase permanent working capital, inventory
  • Acquire a business
  • Start a business
  • Acquire land and build a location
  • Refinance certain existing debt
CDC/504 Loans $25,000 - $5.5 Million
Projected costs financed as follows:
CDC - up to 40%,
Lender - 50% (non-guaranteed),
Equity - 10% plus additional 5% if new business and/or 5% if special use property
 Fixed Interest
25 years for real estate
10 years for equipment
  • Purchase or renovate capital assets (land, buildings, equipment)
  • Refinancing permitted
SBAExpress Maximum of $250,000 50% Maximum of Prime +6%
Up to 7 years for Revolving Lines of Credit including term out period.
Otherwise, same as 7(a) loans
 May be used for revolving lines of credit (up to 7 year maturity) or for a term loan (same as 7(a)loan)
International Trade $5 Million 90% guaranty (up to $4.5 million maximum guaranty) (Up to $4 million maximum guaranty for working capital) Negotiated between borrower and lender Up to 25 years Term loan for permanent working capital, equipment, facilities, land, and buildings and debt refinance related to international trade