Small Business ADministration (SBA) Loans
Call 856-547-3700 Today
Small business is America's most powerful engine of opportunity and economic growth. That's where SBA comes in.
SBA offers a variety of programs and support services to help individuals open or expand their business. Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance for banks to work with small businesses.
If you're planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan.
To start the process, you should stop by and visit Haddon Savings Bank. We will work to set an SBA loan application structured to meet SBA requirements, so that the loan is eligible for an SBA guarantee.
We recognize, in the wake of the financial crisis, the needs of our community. We look to work in our communities and assist small businesses to help reinvigorate local economies.
SBA lending offers a wide range of products and is intended to assist business owners and increase the profitability of small-businesses. Having a focus on Small Business Administration (SBA) lending requires specialized expertise. It is important to understand the SBA guaranty, while an attractive feature and helps benefit our local businesses, it is conditional. The ability to obtain the guaranty is subject to specific rules requiring considerable documentation. With our lending partnership we retain added commercial loan experience. Having that extra knowledge puts us in a better position to help secure opportunities for our customers.
SBA 7a Loans
Businesses looking to borrow an amount up to $5 million, with a choice of either fixed or variable rate financing. This flexible SBA loan type is most frequently recommended by SBA lenders because it can be used for a wide variety of loan purposes.
SBA 504 Loans
Businesses that require long-term fixed or variable rate financing for major fixed asset purchases such as land, building, major renovations, specialized equipment or new construction.
At Haddon Savings, we'll help you choose from one of the various business financing solutions available and supported by Small Business Administration so you, your business and customers may have the opportunity to take advantage of favorable and flexible terms and competitive loan rates.
Call us today at 856-547-3700 to discuss the SBA Financing Needs for your business.