SBA LENDING SOLUTIONS

The what, when and how to get an SBA loan.

 

We offer a variety of SBA programs to fit your business' needs

Questions? Contact your local SBA Team or request the SBA loan consideration checklist.

 

What is SBA Lending?

An SBA Loan is a loan provided to a small business for the purchase of buying fixed assets, like real estate or equipment. What makes SBA Loans different, is that they are partially guaranteed by the Small Business Administration, making the business loan safer for all parties.

 

SBA 7(A)

As an SBA-approved lender, Seacoast is ready to help you acquire the capital needed to grow your business. We understand as a business owner you want flexible financing options as well as to remain nimble and agile as you navigate your way to success. That’s why we think you should consider the SBA 7(a) program. See how Seacoast Bank's preferred lender status can help you accomplish your goals, resulting in quicker decisions and faster funding:

  • Overcome collateral shortfalls
  • Maintain cash balances (through lower down payments and rolling closing costs into loan)
  • Improve cash flow with longer loan terms
  • Flexibility (non-real estate loans can be repaid at any time without penalty, and real estate loans can be repaid after year three without penalty)
 

SBA 504

The 504 program is more restrictive than the 7(a) program but offers low down payments and long-term, competitive fixed rates as its primary benefits. This program can be used for construction or purchase of owner-occupied commercial real estate or the acquisition of long-lived, heavy machinery and equipment. As with the 7(a), most for-profit borrowers are eligible. Non-profits and speculative, passive, or investment businesses will not qualify for this program.

  • No cap on total project amount
  • 20 year amortization for real estate
  • 10 year amortization for equipment

USDA B&I

Businesses eligible for the USDA B&I program include both for-profit and non-profit entities. The program includes a wide variety of eligible uses including:

  • Business and industrial acquisitions.
  • Business conversion, enlargement, repair, modernization, or development.
  • Purchase and development of land, easements, rights-of-way, buildings, or facilities.
  • Purchase of equipment, leasehold improvements, machinery, supplies, or inventory.

SBA-Logo-Stacked

Is your business located in a region affected by a declared disaster? Get help for recovery efforts! Click here for SBA disaster assistance.

 
testimonialAs a small business owner you have to personally wear so many hats to conduct everyday business. Seacoast feels like an extension of my staff by making my banking so easy and stress free.

- Helen Martin

Our Four Promises.

At Seacoast Bank, everything we do is based upon core beliefs summarized in the Four Promises we make to you. When you entrust your banking to us, we promise to:
right team to serve you
Get you comfortable with the right products and the right team to serve you
Make your day-to-day banking simple
Make your day-to-day banking simple
Resolve out-of-the-ordinary items responsively
Resolve out-of-the-ordinary items responsively
Invest in you and your community
Invest in you and your community