SBA 7(a) Loans

The 7(a) loan program is the SBA's primary loan guaranty program. It's the most flexible and serves a broad base of borrowers.

SBAExpress Loans

• This program allows for loans up to $350,000.
• Express loans are ideal for financing equipment purchase, inventory or working capital.
• SBAExpress loans can often be structured as lines of credit.

SBA 504 (CDC) Loans

• The 504 program provides growing businesses with long-term, fixed-rate financing for such major fixed assets as land and buildings.
• 504 loans are unique: In addition to the borrower and the bank providing funds for the project, a CDC also loans up to 40% of the project cost.
• CDCs (Certified Development Companies) are non-profit corporations set up to contribute to the economic development of their communities. A CDC loan is backed by a 100% SBA guarantee.

Call or email Charlie Chaffin to find out how Cascade can work for you. Phone: (425) 258-0629
Email: cchaffin@cascadebank.com

Reference:
Business.gov SBA Loans. Accessed on March 30, 2006 from http://www.business.gov/topics/finances/sba_loans/index.html