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SBA Loans

Small Business Administration Loan (SBA) Benefits and Features:


The U.S. Small Business Administration offers financing to small business owners through numerous loan programs. These loan programs are specifically catered to the needs of small businesses. Mohave State Bank is committed to empowering our communities. That means funding local businesses. We have an experienced team to help you through the SBA loan process.

Highlights

No balloon payments

Balloon payments and call provisions are not allowed on any SBA 7(a) except SBA express. 

No onging debt service   requirements*

Normally no ongoing debt service requirements are required.

Shorter prepayment penalties

Shorter prepay penalties on commercial real estate financing. Penalties for years one to three.

Lower down payments

Typical down payments are 10%-15%. 

Longer loan maturities

Amortization of 25 years on commercial real estate purchases and longer maturities on most other loans. 

 

SBA 7(a) Loan Uses:


Purchase Land and Commercial Real Estate

Construction, Expansion, or Conversion of Existing Facilities

Purchase an Existing Business

Refinance Existing Business Debt 

Operating Captial For Accounts Payable and Purchase Inventory

Purchase Equipment, Machinery, Furniture, Supplies

Start a Franchised Business

 

 

 

 

How To Apply


Get started by calling or emailing Jerry Casteel. All loans are subject to credit approval.

Jerry Casteel
Phone: (928) 710-3174
Email: jcasteel@mohavestbank.com


Have questions or need more help? Call or visit your local branch.


*Some exception may apply.