U.S. Small Business Administration (SBA) Loans
At Frost, we are committed to helping small businesses grow and succeed. Through our partnership with the U.S. Small Business Administration (SBA), Frost offers several SBA loan programs designed for small businesses. As a Preferred Lender of the SBA, Frost has the authority to process, close, service and liquidate SBA guaranteed loans prior to SBA review. Frost’s SBA team has the authority to make credit and eligibility decisions, thus expediting your loan process.
SBA loans are long-term loans partially guaranteed by the government. Unlike conventional term loans, SBA loans offer business owners the opportunity to take advantage of lower down payments and favorable terms while removing some of the barriers of traditional financing options.
Frost’s SBA loans can help your business:
- acquire a new business or franchise
- finance permanent working capital
- finance new equipment, heavy machinery, specialized equipment or other fixed assets
- boost working capital
- purchase or improve real estate
|Description||For borrowers needing to expand business through real estate or business acquisition or manage cash flow||For borrowers needing up to $500,000 to expand, purchase another business or manage cash flow||For borrowers planning to expand business through real estate or building acquisition, or construction|
|Benefits||Often easier to qualify; longer maturity terms, lower down payments||Accelerated application process; longer maturity terms; SBA fees can be financed||Lower down payments, lower fees, favorable terms and pricing|
|Minimum Loan Amount||$25,000|
|Maximum Loan Amount||$5,000,000||$500,000||*$5,000,000|
|Application Requirements||The business and its principals must meet eligibility requirements established by the SBA.|
|Equity Requirement||Up to 100% financing except for change of ownership, business acquisition, or start up (minimum of 10% of total project)||Speak to your banker for more information|
*If project exceeds $5 million maximum debenture, speak to your Frost representative for more information on additional financing.
An SBA loan must be approved by both Frost and the SBA. Subject to credit approval.