SBA 7(a) Small Loans
Shoreham Bank offers the SBA 7(a) Small Lending Program with Loans up to $150,000 with Terms of 10 Years. We are a Nationwide Lender, and we are a Member of the Preferred Lender Program with the SBA, which expedites the loan approval process. To contact our commercial lending team, call us at (401) 773-9509 or fill out our contact form and a member of our team will reach out to you!
Loans Up To
$150,000
Working Captial Financing
Terms Up To
10 Years
No Prepayment Penalty
Lending
Nationwide
Lending in All 50 States
Use of Funds:
Working Capital: Covering Payroll, Utility Payments, Staying Current on Rent, Day-to-Day Operations, Advertising & Marketing, Emergency Expenses, Short Term Operational Expenses.
Eligibility:
-
- Must be a U.S. based business located in the U.S.
- Entity must be 100% owned and controlled by a U.S. Citizen or Legal Permanent Resident.
- A positive D/NW or DSCR in the most recent tax Year is required.
- Fico Score of 700 or Higher
- Minimum SBSS Score: 180
- Current on All Government Related Loans.
- Must be Organized for Profit.
- Minimum Revenue Requirement: $250,000
Apply Online Today
Apply Now
Or Contact our Commercial Lending Team
All loans subject to credit approval.