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SBA Loans


The Small Business Administration (SBA) is a government agency which guarantees qualifying business loans. The Farmers Bank partners with the SBA to assist you from the application process, through the closing of the loan and beyond.

An SBA Preferred Lender
As an SBA Preferred Lender, The Farmers Bank can streamline the entire SBA Loan Process for you.

Benefits Include:
  • Expedited SBA approval process
  • Personal guidance through the process
  • The expertise and resources of a large financial institution, with the flexibility of a community bank

SBA 7(a) Loan Guaranty Program


The SBA 7(a) Loan Guaranty Program is ideal for businesses with less established credit histories looking to borrow up to $5,000,000.

Purpose of the 7(a) Loan:
  • Working capital
  • Purchase equipment/furniture/fixtures
  • Acquire land/buildings
  • Construct new facilities
  • Debt refinancing
  • Purchase an existing business
Eligibility requirements for the 7(a) Loan:
  • May qualify as "small" business according to the North American Industry Classification System (NAICS)
  • For profit
  • Open to general public
  • U.S. citizen or permanent residence status
  • Reasonable investment, usually 10-20%
  • Good character
Ineligibility uses for the 7(a) Loan:
  • Purchase partial ownership of a business
  • Repay owners for their investment in the business
  • Pay for delinquent taxes
  • Refinance of delinquent loans
  • Speculative, lending or investing purposes
  • Real estate held for investment, sale or rent
  • Business pyramids
  • Political, lobbying or religious activities
  • Illegal or gambling activities
Borrower benefits for the 7(a) Loan:
  • Funding for start-ups
  • Longer amortizations
  • No balloon payments
  • No prepayment penalties
  • Reduced owner investment & collateral requirements
  • The SBA guaranty encourages lenders to loan money
Loan maturities for the 7(a) Loan:
  • Working capital - 1-10 years depending on cash flow needs
  • Equipment - up to the expected useful life
  • Building/land - up to 25 years

Additional 7(a) Sub Loan Programs:


SBA Express Loan
The SBA Express loan program is ideal for businesses with less established credit histories looking to borrow up to $350,000.

Whether you want to purchase or renovate, update equipment or provide small lines of credit..

SBA 504 Loan
The SBA 504 loan program provides long-term financing for economic development within a community. The program is designed to help small businesses requiring "brick and mortar" or capital equipment & machinery financing. Money borrowed with a SBA 504 loan can be applied to land and building purchases, existing building and lot improvements, new construction, long-term equipment purchases and more.

For more information on SBA Loan Programs, please visit www.sba.gov.