SBA LOANS

Equipment Purchases

Under the SBA’s 7a or 504 loan program, Community Bank offers 100% financing with terms from 7 to 10 years depending on the life expectancy of the equipment.

Community Bank will need the following items to begin the loan application process:

• > Business tax returns for the last 3 years
• > Interim financial statement dated within the last 60 days
• > If borrower has ownership in affiliate businesses, we will need copies of the last 3 years tax returns and financial statements
• > Personal Financial Statement and the last 3 years tax returns from all individuals with 20% or more business ownership
  Download Now (DOC)
• > Copy of equipment bids or invoices
• > Completed loan application documents
  Download Now (DOC)