Small Business Administration (SBA) Loans
CTBC Bank offers a variety of SBA Loans to meet your specific requirements.
As a proud SBA-designated Preferred Lender, CTBC Bank expedites the process of getting the funds you need as quickly as possible. We can offer longer loan amortizations, no balloon payments and loan amounts up to $5.5 million through the SBA 7(a) and 504 programs. Through the Preferred Lender Program (PLP), CTBC Bank has credit decision-making authority making financing fast and easy.
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Lines of Credit
The revolving line of credit is a perfect solution to help you avoid paying interest on unused funds while meeting your short-term financing needs.
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Term Loans
The term loan covers your long-term financing needs, with flexible terms and competitive interest rates.
Loan Program
| SBA 7(a) Loan Program
| SBA 504 Loan Program
| SBA Express Loan Program
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Benefits
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Government guarantees of up to 75% of loan amount
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As a preferred lender, CTBC makes funding decisions quickly
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Longer loan amortizations and no balloon payments
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Up to 90% financing
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Longer loan amortizations, fixed interest rates, and/or no balloon payments
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A simple application process
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Government guarantees of up to 50% of loan amount
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As a designated SBA preferred lender, CTBC can make funding decisions quickly
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Affordable monthly payments
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Funds to be Used
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Short-term working capital for seasonal financing, contract performance or export production
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Long-term working capital for accounts payable or inventory purchase
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Land or building purchases
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Purchase of equipment, machinery, furniture, fixtures and supplies
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Refinance of existing business debt or an existing business\
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Purchase of existing buildings
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Purchase of land and land improvements
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Construction of new facilities or modernizing and renovating of existing facilities
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Purchase of machinery
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Working capital
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Managing your business
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Inventory
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Business expansion
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Business acquisition
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Equipment purchases
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Loan Size
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Maximum $5 Million
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Up to 85% of loan amount is government guaranteed
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Loan amounts of Up to $5 to $5.5 Million, depending on type of business
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Up to $350,000
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50% of loan amount is government guaranteed
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Interest Rate
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Rates vary depending on the size and maturity of the loan
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CTBC Bank loan: fixed and variable interest rate options
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SBA loan: fixed interest rate
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Rates vary depending on the size and maturity of the loan
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Term
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Up to 7 years for working capital
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Up to 10 years for machinery and equipment
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Up to 25 years for real estate
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Loan maturities of 10 and 20 years are available
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May be used for revolving lines of credit (up to a 7 year maturity) or for a term loan
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Fees
| Fees are only charged on the guaranteed portion of the loan
| | Fees are only charged on the guaranteed portion of the loan
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Eligibility
| Your business must:
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Be operated for-profit
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Be located in the United States and engaged in, or proposed to do business in, the United States
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Be small (as defined by SBA)
| Your business must:
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Be operated for-profit
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Fall within the size standards set by the SBA
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Have tangible net worth of less than $15 million, with an average net income of $5 million or less over the past two years
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To qualify, real estate financed must by 51% owner occupied for existing and 60% for new construction
| Your business must:
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Be operated for-profit
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Be located in the United States and engaged in, or proposed to do business in the United States
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Be small (as defined by SBA)
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Not be delinquent on any existing debt obligations to the U.S. government
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* All loans subject to SBA guidelines and CTBC Bank credit approval.
