Outgrown your present space? Need to upgrade your facility or add machinery and equipment? Want to stop paying monthly rent and start building equity through the purchase of a new or existing building? Commercial Bank of California’s lending officers are experts in Small Business Administration (“SBA”) Guaranteed Lending and can work with you to find the best U.S. government supported program available.
SBA 7a Program
As an SBA Preferred Lender (PLP), Commercial Bank of California can provide expedited services and faster turnaround to help your business thrive. We offer all the lending products and services you expect from your community bank, with high level of personal attention. With favorable loan terms, such as low down-payments, longer maturities and smaller monthly payments, we will keep your financing smart and efficient.
Industries that may qualify for one of these government guaranteed loans include the following:
- Professional services
- Assisted living facilities
- Skilled nursing centers
Building types that frequently qualify include:
- Retail and restaurant properties
- Industrial and manufacturing facilities
- Child care properties
- Assisted living centers
- Professional buildings
- Hotels and Motels
SBA 504 Loans
The SBA 504 Program is designed for the financing of purchased real estate or other long-lived assets (such as capital assets). In this lending arrangement, there is a mix of the customer's cash injection (of a modest amount), a loan from Commercial Bank of California, and a long-term loan provided by the SBA. The SBA portion is facilitated through an intermediary known as a Certified Development Company, which is licensed through the SBA.