SMALL BUSINESS ADMINISTRATION

Choose one of the financing solutions offered by Lake Community Bank and the Small Business Administration (SBA).  These lending solutions offer flexible and favorable loan terms.  An SBA loan can provide funds to acquire or renovate real estate, acquire fixed assets or fund the on-going working capital needs of your business.   Together we can determine which product is right for you: 

7(a) Loan Guarantee Program

SBA’s most common loan program which includes financial help for businesses with special requirements.  The loan proceeds may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business.  learn more

SBA Express Loans:

SBAExpress features an accelerated turnaround time and reduced documentation requirements.  learn more 

CAPLines:

The CAPlines program is designed to help small businesses meet their short-term and cyclical working capital needs. The programs can be used to finance seasonal working capital needs; finance the direct costs of performing certain construction, service and supply contracts, subcontracts, or purchase orders; finance the direct cost associated with commercial and residential construction; or provide general working capital lines of credit that have specific requirements for repayment. learn more 

504 Loan Program: 

The CDC/504 Loan Program provides financing for major fixed assets such as the purchase of land, including existing buildings; for improvements; construction of new facilities or modernizing, renovating or converting existing facilities; or the purchase of long-term machinery and equipment.  learn more

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