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Lending

Small Business Administration (SBA) Loans

Quantum National Bank is one of Georgia’s Preferred SBA Lenders, based on our long and successful track record making these types of loans.  The SBA loan program allows us to offer loans for a wide variety of small business financing needs.  Through this program, we are able to offer secured real estate financing with as little as 15% down for construction or purchase of owner-occupied real estate.  Our status as a Preferred Lender means we can approve certain loan requests on behalf of the SBA, which means a quicker turn-around for loan approvals and faster access to your funding.

We are active participants in two SBA loan programs:

  • 7(a) Loan Program
  • 504 Loans

7(a) Loan Program

Eligibility:

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

Type of Business:

  • Business must be for-profit
  • Business must be a “small business” as defined by SBA size standards

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 85% financing depending on the length of time in business and equity investment in the business

Loan Amounts:

  • Up to $5,000,000 Loan Repayment Terms:
  • Up to 10 years for purchase of fixed assets
  • Up to 7 years for working capital

Advantage of an SBA 7(a) Loan:

  • Lower down-payment
  • Longer terms
  • More affordable monthly payments

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504 Loan Program

The SBA’s 504 loan program offers long-term loans to assist small businesses.  These loans are made by a combination of private lenders and investors utilizing partial guarantees from the Small Business Administration.  An approved lender makes the first lien loan and Certified Development Corporations are utilized to issue the secondary financing.

Eligibility:

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

Type of Business:

  • Business must be for-profit
  • Business must be a “small business” as defined by SBA size standards

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 $7,000,000 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:

  • Low 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

Forms and Applications

Click here to download the required forms:

Our SBA Lending Team

Amy Amorose
Group Vice President, SBA Lending Services
770-831-2612
aamorose@quantumbank.com

Scott Coleman
VP, SBA Business Development Officer
678-889-4521 scoleman@quantumbank.com                                   

Rosemarie Codling
Internal SBA Business Development Officer
770-831-2620
rcodling@quantumbank.com

Velina Williams
SBA Account Manager
770-831-2627
vwilliams@quantumbank.com

 

505 Peachtree Industrial Blvd. Suwanee, GA 30024 | 770-945-8300 (phone) | 770-945-4888 (fax)
2905 Bethany Bend, Milton, GA 30004 | 678-889-4700 (phone) | 770-667-6475 (fax)

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