Small Business Administration (SBA) Loans
Supporting small business growth matters to us.
From a short-term loan to free up cash flow to long-term financing to grow your business, having access to the proper type of capital can be invaluable to small business owners. Curious why you might choose an SBA loan over a conventional loan? Here are just a few advantages:
- Longer repayment terms
- Lower down payments
- Competitive interest rates
And as an SBA Preferred Lender, Commerce will handle the entire loan process, removing the back-and-forth interaction between you and the SBA. This means faster access to your money. Naturally, we recommend connecting with one of our experienced lenders to see which option is right for you, but here are a few details of our programs.
SBA 504 Program
-
Designed for fixed-asset acquisitions, such as real estate or equipment
-
Long-term, favorable fixed-rate financing
-
Low down payments, allowing you to retain liquidity to fuel growth
SBA 7(a) Program
-
Business acquisition and expansion
-
Equipment and commercial real estate purchases
-
Working capital
-
Refinancing debt
-
Financing up to $5 million
SBA Express Loan Program
-
Less complex term loans and revolving lines of credit
-
Quick turnaround and less documentation
SBA Export Working Capital Program
-
Designed for businesses with current and potential export transactions
-
Provides working capital to support foreign accounts receivable during long payment cycles from purchase order to collections
-
Financing up to $5 million with a low guaranty fee and quick processing time
Recent SBA Financing
Medical Spa
$454,400
Business Acquisition
SBA 7(a) Loan
Engineering Firm
$1,925,876
Real Estate Purchase
SBA 504 Loan
Marketing Firm
$100,000
Line of Credit
SBA Express
Electrical Services
$136,300
Equipment Purchase
SBA 7(a)
Small Loan
Trends & Insights
Small business banking specialists share year-end planning tips for owners.
Small business banking specialists emphasize the importance of starting year-end planning early, recommending that owners review financials, apply tax strategies, enhance operational efficiency, assess staffing, invest in customer relations, and prioritize cybersecurity to set up for success in the new year.
A crowning achievement
Benco Dental's implementation of a supplemental AP card program through Commerce Bank not only doubled supplier enrollment and revenue share within six months, but also significantly improved cash flow by reducing reliance on checks and enhancing flexibility in payment options for suppliers.
Have a question?
Need more information regarding our services? We are ready to answer your questions.
Let's talk
