Trusted SBA term loans.
For small businesses seeking an SBA loan, we may be your lending source. Whether you’re seeking to start, expand, acquire, or improve cash-flow, our SBA lending can make it happen.
Please review the table below to determine if we may be the best fit for your small business.
|Business Location||Business must be located within the following S.F. Bay Area counties:
|Loan Ranges||$50,000 – $150,000|
|Maximum Loan Term||10 years | Up to 25 years if acquiring commercial real estate with the loan.|
|Loan Type||SBA Community Advantage business term loan|
|Interest Rates||WSJ Prime + 6% (adjusted quarterly)|
|SBA Guaranty Fee||
|Closing Costs||$0 | Related fees associated with the the loan request will be passed to the borrower.|
|Prepayment Penalties||$0 | Unless acquiring commercial real estate with the loan.|
|Personal Guaranty||Required for:
|Credit Score||Minimum credit score of 680+|
|Loan Type||The Emerging Business Loan Fund Program (EBLF):|
|Loan Description||BASBF manages the EBLF for the City of San Francisco’s Office of Economic and Workforce Development. The purpose of the EBLF is to originate commercial loans that support high impact businesses and projects with the potential to increase economic activity in San Francisco as well as create jobs for low to moderate income individuals|
|EBLF Loan Fund Overview and Requirements:||Loan amounts from $50,000 – $1,000,000.Interest Rates: Currently from 4.5% to 7.25% percent (Prime + 4%), depending on product, No application fee, low closing costs.
Up to 10 year loan amortizations, longer with real estate.
Flexible underwriting criteria, eligible uses include working capital, equipment, real estate, tenant improvements.
|Basic Eligibility Requirements:||
* Please allow up to three (3) business days for a response.