SBA Loans

The Small Business Administration (SBA) offers loan solutions* to provide additional financing options for your business.

SBA 7(a) Loan Program

The SBA 7(a) Loan Program is the primary term loan program offered by the SBA. It can provide your business financing for many purposes, including working capital, revolving funds, equipment purchases, or refinancing of existing debt. The terms of this type of loan are usually between 7 and 25 years, with amounts ranging from $35,000 to $5 million.

A Business Banking Relationship Manager can review the program requirements to see if your business is eligible, as well as guide you through all the financing options for your business.

SBA 7(a) Loan Program PDF icon small
(247 KB)

SBA 504 Loan Program

The SBA Commercial Development Company/504 Loan Program provides long-term financing for economic development within a community. The CDC/504 program has been established to help businesses requiring physical building or capital equipment and machinery financing. Money borrowed with a SBA 504 loan can be applied to land and building purchases, existing building and lot improvements, new construction, long-term equipment purchases and more. A Business Banking Relationship Manager can review all the program eligibility requirements to complete this type of loan. Here are just a few:

  • Existing building occupancy – minimum of 51%
  • New construction occupancy – proven to be at least 60%

Talk to a Relationship Manager today about your lending needs. We look forward to providing you the momentum to help move your business forward.

SBA 504 Loan Program PDF icon small
(217 KB)

Get Connected

Connect with a Relationship Manager to add a little momentum to your business today.

Adnan Assad
(708) 671-2805

Kelly Beaty
(815) 941-3789

Rick Mahoney
(630) 725-5503

Steven Rankins
(815) 344-7252

Lending Momentum To All Kinds Of Companies | View Recent Deals

You are leaving the First Midwest website.

Redirecting to