Small Business Administration (SBA) Loans
First Home Bank is a Nationwide Preferred Small Business Lender
We are dedicated to growing businesses across the nation by offering flexible lending options and customized terms to fit your needs! With several SBA loan options, we can help provide access to the financial support you need to start a new business or expand and existing one! Browse the options outside of conventional business loans.
Backed by the federal government, SBA loans serve businesses that might not otherwise meet conventional loan requirements. SBA financing offers:
- Flexible loan structure
- More time to repay
Small Loan Advantage Program 7(a) Loans
- Loans up to $350,000
Gives 7(a) loans to eligible borrowers for starting, acquiring and expanding a small business. This type of loan is the most basic and the most used within SBA’s business loan programs. Standard 7(a) Loan Program
- Loans from $50,000 – $5 million
Gives 7(a) loans to eligible borrowers for starting, acquiring and expanding a small business. This type of loan is the most basic and the most used within SBA’s business loan programs. Certified Development Company (CDC) 504 Loan Program Provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. International Trade Loan (ITL) Program Provide growing businesses in a position to expand existing export markets or develop new export markets, or small businesses that have been adversely affected by international trade to improve their competitive position. US Department of Agriculture Business and Industry (B&I) Loan Program Designed to help create and maintain employment and improve the economic and environmental climate in rural communities.
If you’re looking for longer repayment terms, a lower down payment, debt refinancing or working capital, an SBA loan may be the perfect solution for you.
- Longer repayment terms (up to 25 years for owner occupied real estate, fully amortizing)
- Financing from $50,000 to $5,000,000 in capital
- Down payments as low as 10%
- No pre-payment penalties for loans under 15 years
- No balloon payments
*All loans are subject to credit approval procedures and credit standards.
Commercial Real Estate Loans
Look to First Home Bank if you are purchasing a commercial investment property, office condo or a commercial real estate project. Our commercial real estate loans are designed to meet your business’ specific needs with amortizations up to 25 years.
- Mixed Use Development
Commercial Term Loans
Cash is the lifeblood that grows your business. Whether you need more working capital, want to finance the purchase of equipment, vehicles or other fixed assets for your business, First Home Bank has the financing options for you
Commercial Lines of Credit
If you are in need of access to credit for ongoing needs such as working capital or inventory management, our commercial line of credit might be the answer.
Looking to purchase or build a commercial or residential property? First Home Bank can help with a customized construction loan.
* All loans are subject to credit approval procedures and credit standards.
Heavy Equipment Financing
Catering to small fleets and owner/operators, First Home Bank can provide financing options that help save your working capital.