Take Advantage of Temporary Small Business Administration (SBA) 7(a) Loan Modifications
Don’t Miss the Deadline: Apply for a SBA Modified “No-fee” 7(a) Loan Before September 30
Why Choose Capital Bank to Secure Your SBA Loan?
- SBA loans are very complex.
- Not all banks are approved to lend SBA loans.
- Our bankers specialize in SBA loans.
- We handle more SBA loans by volume than any bank in the DMV region last year.
Apply by September 30, 2021
The window closes soon on special SBA stimulus package loan incentives. To help businesses, the SBA:
- Waived fees on 7(a) loans up to $5 million.
- Increased the 7(a) loan guarantee to 90% and allowed for reduced or no fees for the borrower and the lender.
- Increased the 7(a) express loan limit and loan guarantee, so businesses would have access to needed working capital.
- Extended the Small Business Debt Relief program, Section 1112 of the CARES Act, to pay up to $9000 per loan payment for the first three loan payments for eligible entities.
We’re With You All the Way
Getting an SBA 7(a) loan takes skill, experience and patience. You need a personal banker who immediately goes to work for you, offering guidance on which types of 7(a) loans best fit your needs, and sticking with you throughout the process.
SBA ranked Capital Bank in the top two community lenders for volume in the Washington, D.C., metro area 2014–2019. We’re experts in helping businesses pursue SBA 7(a) loans and we’ll put that expertise to work on your behalf.
Here are some resources to help learn more:
|Download SBA 7(a) Loan Program PDF||Helping Businesses Recover from COVID’s Impact|
Quick Facts About SBA’s 7(a) Loan Program
The 7(a) loan program is the SBA’s primary program for providing financial assistance to small- to medium-sized businesses. Businesses typically use 7(a) loans for:
- Long- and short-term working capital
- Revolving funds based on the value of existing inventory and receivables
- Purchasing equipment, machinery, furniture, fixtures, supplies, or materials
- Purchasing real estate, including land and buildings
- Constructing a new building or renovating an existing building
- Establishing a new business or assisting in the acquisition, operation or expansion of an existing business
- Refinancing existing business debt, under certain conditions
There are several 7(a) loan types:
- Export Express
- SBA Express
- 7(a) Small Loan
- STANDARD 7(a)
(Terms and conditions, such as guaranty percentage and loan amount, may vary depending on each individual transaction.)
Capital Bank Is One of a Select Few Approved to Offer SBA 7(a) Loans
Not all banks offer these loans. You deserve to work with a leading SBA lender like Capital Bank, with access to a full array of loan options and deep insight into the 7(a) program.
Focus on Your Future
If you unsuccessfully applied for a 7(a) loan in the past, don’t be discouraged — you may qualify this time. The bank you choose can make all the difference. Contact Capital Bank today.