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.
- 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
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.