Small Business and SBA Loans
Small businesses make our communities great places to live and work
Furthering the growth and development of small businesses throughout our communities is central to Beneficial State Bank’s mission. By keeping more money within the community than large corporations, small businesses help sustain walkable town centers and are responsible for creating the majority of new jobs every year. We are proud to support local businesses in California, Oregon, and Washington.
Financing solutions tailored for small businesses
In partnership with the Small Business Administration (SBA), we offer a variety of lending options.
Lower down payment compared to conventional financing
- Preserves working capital for immediate business needs
- Enables you to finance large purchases, such as buildings, for future growth potential
Long loan term and amortization
- Lower monthly payments help improve cash flow
- No need to worry about refinancing or balloon payments
One loan for combined costs
- Get one loan to cover the costs of building, equipment purchases, and working capital
- Convenience of one payment
Competitive terms. High-touch service.
- Our SBA team guides you during the entire process, from loan selection through funding
- Our SBA Preferred Lender Program (PLP) status results in expedited approval, processing, and loan funding
- Experienced and successful lending team
- Dedicated loan underwriters and loan processors
A Certified SBA Preferred Lender
SBA 7(a) Loans
Projects
- Real estate purchase, refinance, or construction
- Business acquisition/partner buyout
- Equipment purchase or refinance
- Tenant improvements
- Working capital
Terms and Rates
- Up to $5 million
- Up to 90% financing
- Up to 25 years, fully amortized
- Fixed and variable rate options
Fees
- Loan packaging fee
- Environmental/appraisal/title & escrow
- SBA guaranty fees: Based upon 75% of loan amount
- Additional fees may be applicable on construction loans
SBA 504 Loans
Projects
- Real estate purchase, refinance, or construction
- Equipment purchase or refinance
Terms and Rates
- Up to $15 million
- Up to 90% financing
- Bank First Mortgage:
- Up to 25 years, fully amortized
- Fixed rate options
- SBA Second Mortgage
- 10, 20, 25 years fully amortized
- 10, 20, 25 year fixed rates
Fees
- First mortgage – 1%
- Second mortgage – approximately 2.15% + legal/doc fee
- $500 loan doc fee
Information updated as of July 1, 2024. Rates and fees subject to change without notice.
Spotlight on Small Businesses
Small businesses create jobs, keep more money within the community than chain stores, and help sustain walkable town centers.
