SBA Loan Programs
Legacy Bank has big capabilities, with small bank flexibility. Take your business to the next level with a U.S. Small Business Administration (SBA) loan.
Legacy Bank provides small business, established entrepreneurs and professionals access to non-traditional sources of capital.
- Loan amount: Up to $5,000,000
- Maturity: Terms are up to 25 years for commercial real estate and up to 10 years for all other purposes
- Interest rate: Interest rates can be either fixed or variable
- Percentage of guarantee: Government guarantee up to 90%
- Use of proceeds:
- Purchase of a building/refinance
- Purchase of equipment/refinance
- Fund construction
- Acquire a business
- Refinance business debt
- Other business needs
- Eligibility:
- Manufacturing: Maximum of 500 to 1,500 employees
- Wholesale: Maximum of 100 employees
- Services: Maximum of 3 years average gross sales of $3.5-$174.5 million
- Retail: Maximum of three years average gross sales of $5-$20 million
Questions?
