The Cooperative Bank of Cape Cod partners with the U.S. Small Business Administration, a federal government agency, to offer financing assistance to small business owners. Many programs are available to aid in the acquisition of real estate, machinery, equipment, and other such assets. SBA loans are partially guaranteed by the government.
How does an SBA loan work?
Not all small businesses qualify for conventional loans, if your loan doesn’t meet traditional financing requirements, an SBA loan may be right for you.
7(a) Loans
Term loan amounts up to $5 million and terms up to 10 years. Ideal for for-profit businesses for expansion, renovation, new construction, purchase of land, buildings, or equipment, working capital and inventory, partner buyout and other general business needs.
SBAExpress
Up to $350,000 term or 7 year revolving line of credit. Ideal for for-profit businesses for expansion, renovation, new construction, purchase of land, buildings, or equipment, working capital and inventory, partner buyout and other general business needs.
504 Loans
Up to $5 million fixed rate term loan with low down payment.
Please contact us or visit www.sba.gov
Meet Our Business Banking Team
1These refer to government-guaranteed loans offered through the Small Business Administration. Credit is subject to approval. Other restrictions may apply.
Subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. Certain restrictions apply to refinancing options and are subject to program terms. Refinances of existing SBA loans are excluded.
