SBA LOANS

Lines Of Credit

(Also known as SBA Express)

The SBA Express Revolving Line of Credit is available. With this program, Lines of Credit are linked to your Community Bank Business Checking Account.

Credit Line amounts from $5,000 to $100,000 –

• > Loan must be for business purposes as per SBA Form 1919
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• > Terms are interest only for 2 years, then fully amortized payments for 5 more years
• > Rates range from Prime + 1.75% to Prime + 6.5% for loans up to $50,000
• > Rates range from Prime + 1.75% to Prime + 4.5% for loans over $50,000
• > Personal guarantees will be required
• > Credit scored and does not require collateral

Credit Line amounts from $101,000 to $350,000 –

• > Loan must be for business purposes as per SBA Form 1919
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• > Terms are interest only for 2 years, then fully amortized payments for 5 more years
• > Rates range from Prime + 1.75 to Prime + 4.5%
• > Personal guarantees will be required
• > A UCC Financing Statement will be required on all business assets (additional collateral may be required)

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

• > Completion of SBA Form 1919
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• > Completed Community Bank Financial Statement from all individuals with 20% or more ownership of the business
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