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SBA 7(a) and 504 Loans
You have big plans for your small business
That’s where Monterra Credit Union can help. We’re a preferred lender designated by the U.S. Small Business Administration.
Put your plans into action with an SBA Loan
Work with a trusted lender
Choose from SBA 7(a) and 504 Loans
Use for multiple business purposes
Available to for-profit companies
We offer SBA 7(a) and 504 Loans to California business owners in The City of Palo Alto, San Mateo County and parts of San Francisco.
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SBA 7(a) Loans
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SBA 504 Loans
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| Usage | |
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Flexible uses debt refinancing, equipment and real estate purchases, acquisitions, and more |
Funds available for fixed assets, including property and machinery; cannot be used for certain expenses such as debt consolidation or refinancing, rental real estate, working capital or inventory expenses, etc. |
| Amount | |
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With loan amounts between $50,000 and $5,000,000, you can find the right financing for your business. |
Finance up to 90% of your project’s value |
| Terms | |
| Terms range from 7 to 25 years depending on how the loan is used | Loan terms of 10 to 25 years (fully amortizing) |
| Restrictions | |
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Available to for-profit companies only |
Available to for-profit companies only |
| Qualification | |
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Your business must qualify as a small business by SBA definition, demonstrate a need for the loan, and cannot be delinquent in other government debt |
Your business’ net worth must be below $15 million to qualify |
| Income Restrictions | |
| Your net income must be under $5 million (after taxes and not counting carry-over losses), and your tangible net worth must be less than $15 million |
For two years before the loan application, your business must have less than $5 million as an average net income (after federal taxes) |
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SBA 7(a) Loans
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|---|
| Usage |
|
Flexible uses debt refinancing, equipment and real estate purchases, acquisitions, and more |
| Amount |
|
With loan amounts between $50,000 and $5,000,000, you can find the right financing for your business. |
| Terms |
| Terms range from 7 to 25 years depending on how the loan is used |
| Restrictions |
|
Available to for-profit companies only |
| Qualification |
|
Your business must qualify as a small business by SBA definition, demonstrate a need for the loan, and cannot be delinquent in other government debt |
| Income Restrictions |
| Your net income must be under $5 million (after taxes and not counting carry-over losses), and your tangible net worth must be less than $15 million |
|
SBA 504 Loans
|
|---|
| Usage |
|
Funds available for fixed assets, including property and machinery; cannot be used for certain expenses such as debt consolidation or refinancing, rental real estate, working capital or inventory expenses, etc. |
| Amount |
|
Finance up to 90% of your project’s value |
| Terms |
| Loan terms of 10 to 25 years (fully amortizing) |
| Restrictions |
|
Available to for-profit companies only |
| Qualification |
|
Your business’ net worth must be below $15 million to qualify |
| Income Restrictions |
|
For two years before the loan application, your business must have less than $5 million as an average net income (after federal taxes) |
Ready to grow your business faster?
Build a secure financial foundation with an interest-earning savings account.
Seeking a business checking account? Receive everything you need to manage your commercial funds.
Seeking a business checking account? Receive everything you need to manage your commercial funds.
Grow with confidence through smart, customized business lending:
- Flexible financing options tailored to your business goals
- Competitive rates and terms to fit your budget
- Ideal for expansion, equipment, cash flow, and more
- Personalized support from a team that understands your business