CSB is able to offer SBA (Small Business Administration) loans to provide small businesses with access to financing options that might not be available through traditional lending channels. These loans are partially guaranteed by the SBA, which helps reduce the risk for lenders and makes it easier for businesses to qualify. We offer two main types of SBA loans: 7(a) Loans and 504 Loans.
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Contact one of our lenders today to discuss your business financing needs and discover how our commercial lending solutions can help you achieve your goals.
7(a) Loans
The 7(a) Loan Program is the SBA's primary program for providing financial assistance to small businesses.
These loans can be used for a variety of purposes, including:
- Working Capital: Support your day-to-day business operations.
- Real Estate: Purchase, refinance, or improve commercial real estate.
- Equipment: Buy or lease machinery and equipment.
- Debt Refinancing: Refinance existing business debt under favorable terms.
- Business Acquisition: Finance the purchase of an existing business.
7(a) loans offer flexible terms and competitive interest rates, making them a versatile financing option for small businesses.
504 Loans
business growth and job creation. These loans are available through Certified Development Companies (CDCs), which are SBA's community-based partners. 504 loans can be used for:
- Real Estate: Purchase or construct commercial real estate.
- Equipment: Buy long-term machinery and equipment.
- Facility Improvements: Modernize or improve existing facilities.
504 loans are designed to support significant investments in your business's infrastructure, with the goal of fostering economic development within your community.
Financial Calculators
These financial calculators can help you easily estimate key metrics like debt service, financial ratios, and working capital needs. These tools can empower you to make informed financial decisions and manage your business more effectively. View our collection of all calculators. Our team is happy to help you walk through any of them if you want to reach out to a loan officer above.