• SBA 7(a) LOAN PROGRAM
• SBA 504 LOANS

SMALL BUSINESS ADMINSITRATION ("SBA") LOANS

Here at Quantum National Bank we are dedicated to small business. Our SBA Programs allow us to offer loans for a variety of small business financing needs. Through a relationship with the Small Business Administration, Quantum National Bank is able to offer secured real estate financing with as little as 15% down for construction or purchase of owner-occupied real estate.

Quantum National Bank has been designated as a member of SBA's Preferred Lender Program ("PLP"). This means that Quantum National Bank can approve certain loan requests on behalf of the SBA, which results in a quicker turn-around time for loan approvals and funding. The SBA's Preferred Lender Program is designed for its lending partners that have a valued expertise of SBA lending products.

Downloadable Forms:

SBA Loan Application (pdf - 51 KB)
Management Resume (pdf - 163 KB)
Personal Financial Statement (pdf - 13 KB)
SBA Loan Checklist (pdf -160 KB)

SBA 7(a) LOAN PROGRAM

• Management must be experienced and of good character.
• Must be able to demonstrate the ability to repay the loan with cash flow from the business operations
• Must have adequate collateral

Type of Business:

• Business must be organized for profit
• Business must be a "small" business as defined by the SBA's size standards
• Certain industries are not eligible for SBA financing (ask your Quantum National Bank SBA lender for more details)

Loan Purpose/Use of Loan Proceeds:

• Purchase an Existing Business
• Expand an Existing Business
• Equipment and Machinery Purchase
• Inventory Purchase
• Tenant Improvements
• Working Capital
• Start a Franchise or New Business

Equity Requirements:

• 25% - 50% for Start-Up Businesses
• Up to 100% financing depending on the length of time in business and equity investment in the business

Loan Amounts:

• Up to $2,000,000.00

Loan Repayment Terms:

• Up to 10 years for purchase of fixed assets
• Up to 7 years for working capital

Advantages of an SBA 7(a) Loan:

• Lower down-payment requirements and longer terms, which mean affordable monthly payments

SBA 504 LOANS

Eligibility:

• Management must be experienced and of good character.
• Must be able to demonstrate the ability to repay the loan with cash flow from the business operations
• Must have adequate collateral

Type of Business:

• Business must be organized for profit
• Business must be a "small" business as defined by the SBA's size standards
• Certain industries are not eligible for SBA financing (ask your Quantum National Bank SBA lender for more details)
  

Loan Purpose/Use of Loan Proceeds:

• Purchase owner-occupied commercial real estate*
• Construct owner-occupied commercial real estate**
• Purchase of Equipment and Machinery with useful life of 10 years or more

*Owner-occupied is defined as occupying 51% of the total rentable space of the property.

**Owner-occupied is defined as occupying 60% of the total rentable space of the property (may not sub-lease more than 10% of the total rentable space long term).

Equity Requirements:

• 10% for existing businesses
• Up to 20% for special-use properties or businesses that have been open for less than two years

Loan Amounts:

• Up to $4,000,000 total project cost in Metro Atlanta.

Loan Repayment Terms:

• Up to 10 years for purchase of fixed assets
• Up to 25 years for purchase or construction of commercial real estate

Advantages of an SBA 504 Loan:

• Lower down-payment requirements
• Long-term fixed interest rates, typically at below market rates, on the secondary financing
• Longer terms with affordable monthly payments
• Fully amortizing loans - no balloon payments due