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SBA Loan Types
National Exchange Bank & Trust offers a variety of small business loan options, regardless of what stage your business is in.
SBA 7(a) Loans
The 7(a) loan program is the SBA’s primary business loan program. These loans can be used for:
- Acquiring, refinancing or improving real estate and buildings
- Short- and long-term working capital
- Refinancing current business debt
- Purchasing and installation of machinery and equipment
- Purchasing furniture, fixtures and supplies
- Changes of ownership (complete or partial)
- Multiple purpose loans, including any of the above
SBA 504 Loans
The 504 SBA loan program provides long-term, fixed rate financing for significant fixed assets that promote business growth and employment creation. These loans can be used to purchase or construct:
- Existing buildings or land
- New facilities
- Long-term machinery and equipment
Or the enhancement or modernization of:
- Land, streets, utilities, parking lots and landscaping
- Existing facilities
We understand that not every loan fits in a box. Our specialty loans may be another great option to help with your specific financial needs. If you are looking to finance (or refinance) owner occupied commercial real estate or equipment there are a lot of good reasons to take a look at the SBA 504 Loan. With access to this program, business owners can take advantage of lower down payments, affordable fixed rates and terms up to 25 years.
Additional Resources
Apply For a Small Business Loan
At National Exchange Bank & Trust, we are here to guide you every step of the way to ensure your application for a small business loan goes smoothly! If you have any questions about SBA loan programs or about the SBA loan approval process, please contact us and our team of experts will be happy to help.
Meet Our SBA Loan Lenders
National Exchange Bank & Trust has a strong commitment to the success of our customers and building long term relationships. We earn our customer’s trust each and every day. We are your independent bank with big bank abilities. Let’s talk business!
Start your partnership with one of our Wisconsin SBA lenders today.
FAQs
What kind of loans can you get from SBA?
NEBAT primarily partners with the SBA to offer business loans supported by an SBA guarantee (7A) and or loans supporting the acquisition of equipment and real estate using the SBA 504 bond program. SBA loans can provide working capital, support of a business acquisition or “start-up”, and capital expenditures for equipment / real estate.
How can I use a small business loan in Wisconsin?
As a small business owner in Wisconsin, if you meet the SBA requirements for a loan, the purpose is almost limitless. National Exchange Bank & Trust has worked through SBA loan deals for equipment purchases, expansions, acquisitions, working capital lines of credit and many other unique, specialized loans as well. The best thing to do if you are questioning if an SBA Loan is right for your business is to talk to one of our experienced SBA lenders.
How do I qualify for a small business loan?
The SBA, as with various government programs, has specific guidelines and standard operating procedures. Working with an experienced SBA lender is key in order to navigate eligibility and the application process.
What are the chances of getting approved for an SBA loan?
The SBA programs are designed to support entrepreneurs starting a business; existing businesses looking to grow; and opportunities to enhance the business through ownership of real estate, adding new equipment to enhance capabilities; or acquire another business. Approval is all about the business plan and opportunities for success. Working with a knowledgeable commercial banker increases the chances for getting approved and developing a successful business.
