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Small Business Administration (SBA) Loans

Growing businesses have specialized financing needs. SBA loans are one way we can help.

As a Preferred SBA Lender and leading participant in U.S. Small Business Administration loan programs, we are committed to supporting the growth and development of small businesses in America. SBA loans provide more flexible terms, lower down payment requirements, and an easier qualification process than conventional loans.

Questions?Ask a Citizen.

SBA Express

This term loan or line of credit offers fixed or variable SBA loan rates and offers the easiest SBA application process, quick approval times, flexible terms, and lower down payment requirements than conventional loans.

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Loan limit:

Up to

$350K

Ideal for businesses with less established credit that want to improve cash flow, refinance debt, or fund improvements, equipment, or real estate. It features the easiest SBA application process and accelerated approval times, plus it offers longer terms and lower down payment requirements than conventional loans.

SBA 7(a) Loan Program

This term loan is the most versatile SBA loan program. It features fixed or variable SBA loan rates, flexible terms, and lower down payment requirements than conventional loans.

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Loan limit:

Up to

$5MM

 

Ideal for businesses with less established credit that want to improve cash flow, refinance debt, fund improvements, or purchase equipment or real estate. Like other SBA loans, it features longer terms and lower down payment requirements than conventional loans.

SBA 504 Loan Program

This term loan offers fixed or variable bank loan rates and offers the highest loan amounts, plus longer term options and lower down payment requirements than conventional loans.

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Loan limit:

Up to

$12MM

Ideal for larger, established businesses that need long-term financing for heavy machinery or the acquisition, construction, or improvement of real estate that is primarily owner occupied. The program features generous loan amounts and offers up to 90% financing.

SBA Express

SBA Express loans have a borrowing limit of $350,000 with a term of seven years, or up to 25 years if they are being used for real estate. These loans can be used as a business line of credit or to renovate a property, purchase machinery, or augment working capital. Use an Express business line of credit to grow your inventory, financing is designed to give you more flexible buying power when assets, like inventory, are minimizing liquidity. Citizens Bank offers you a revolving Express business line of credit designed to get you the short-term liquidity you need to manage working capital, with flexible payment options and consistent buying power. With an Express business line of credit you can borrow up to $350,000 whenever you need it.

SBA 7(a) Loan Program

Find the right Small Business Administration (SBA) loan to help you grow your business As you look to grow your small business, you may find you need extra financing to cover expenses. Small business loans can help provide you with financing to manage cash flow, or cover the cost of an expansion or new equipment. A SBA Advantage Loan small business mortgage from Citizens Bank can provide you with flexible terms and the ability to borrow up to $5,000,000 to further expand or refinance your current property. You can also find SBA Advantage Loans that can help you purchase assets, including machinery/equipment and refinancing debt. Some SBA Advantage Loans are designed to provide short or long-term financing, and may be supported with different types of collateral. Explore the SBA loan options to find one that is best suited to your business plan.

SBA 504 Loan Program

Get an SBA Grow Loan to purchase real estate for a new location. Looking to expand your business to a new physical location or renovate your current property? Whether you're buying land, a new building or doing construction on your current space, you may be able to use an SBA Grow Loan. The SBA Grow Loan Program is backed by the government and provides the long-term financing needed to purchase a new space as well as needed machinery and equipment. Citizens Bank offers SBA Grow Loan financing for projects totaling up through $12 million dollars. In order to qualify for this loan you must be creating or improving owner-occupied real estate that is occupied at 51% for an existing building and 60% for a new building. If your expansion meets these requirements you may want to look into the benefits of the SBA Grow Loan Program.

What it is Fixed or variable rate term loan or line of credit for up to $350K. Fixed or variable rate term loan for up to $5MM. Fixed or variable rate term loan for up to $12MM.
Ideal for Starting, expanding, improving, refinancing, franchising, real estate or acquiring a business. Starting, expanding, improving, refinancing, franchising, real estate or acquiring a business. Financing major commercial real estate or fixed-asset (machinery and equipment purchases.
Key benefits
  • Easiest SBA application process
  • Quick approval times
  • Longer repayment schedules
  • Flexible terms
  • Low down payment requirements.
  • Most versatile SBA loan program
  • Longer repayment schedules
  • Flexible terms
  • Low down payment options
  • Highest loan amounts
  • Long term options
  • Low down payment optionss
 

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