SBA Loans | Alliance Bank of Arizona

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COMPARE PRODUCTS

Program	SBA 504 Loan	SBA 7(a) Loan	SBA Express Loan
Who Qualifies	• For-profit business that do not exceed $15 million in tangible net worth • Both the $15 million in tangible net worth and the average net income after Federal income taxes for two years may not exceed $5 million.	• For-profit business that meets SBA size standards • Both the $15 million in tangible net worth and the average net income after Federal income taxes for two years may not exceed $5 million.	• Same as 7(a) • Both the $15 million in tangible net worth and the average net income after Federal income taxes for two years may not exceed $5 million.
Funds Can Be Used For	• Commercial real estate purchases • Building improvements • Equipment purchases • Ground up construction of new facilities	• Commercial real estate purchases • Building improvements • Equipment purchases • Ground up construction of new facilities • Long-term and short-term working capital needs • Business acquisition • Partner buyout • Refinancing business debt • Tenant improvements	• Same as 7(a) • Revolving line of credit offered
Benefit to Borrowers	• Low down payment • Fees can be financed	• Long-term financing • Improved cash flow • Fixed maturity • No balloon payments	• Fast turnaround • Streamlined process • Easy-to-use line of credit
Maximum Loan Amount	• Bank Loan: $15,000,000 • SBA Loan: $5,000,000	• $5,000,000	• $1,000,000 until December 31, 2020 • $350,000 after December 31, 2020
Collateral	• Requires real estate and/or equipment being financed • Life insurance for a portion of the SBA loan	• First position lien filing on all business assets • First position deed of trust on real estate (when applicable) • Deed of trust filing against personal real estate if there is a collateral shortfall	• First position lien filing on all business assets for loans $25,001 to $350,000
Maturity	• Equipment Purchases - up to 10 years • Real Estate Purchases - up to 25 years	• Working Capital and Equipment Purchases up to 10 years • Real Estate Purchases - up to 25 years	• Up to 7 years for revolving line of credit; otherwise, same as 7(a)
Interest Rate	• Bank Loan: Fixed and adjustable rate options available • SBA Loan: Fixed rate for life of the loan • Fixed rate for SBA loan established when the SBA funds the loan • Declining prepayment fee for 1/2 of term for SBA Loan	• Fixed and adjustable rate options available with a maximum rate of Prime + 2.75% for most SBA 7(a) loans	• Loans: Prime + 3.00%*

* All offers of credit are subject to credit approval. Program information is subject to change based on updates from The Small Business Administration. Borrowers are responsible for any closing costs and bank fees, including but not limited to appraisal, environmental, title, escrow, documentation, and packaging fees. Interest Rates are subject to change.

SBA 504 Program

This program provides long-term financing for major fixed asset purchases. Take advantage of a low down payment, fixed rates and longer terms for commercial real estate and equipment purchases.

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SBA 7(a) Guaranteed Loan Program

If your small business has special requirements, this program can give you the financial help you need. For example, funds are available for real estate and equipment purchases, working capital, refinancing debt, business acquisitions and partner buyouts.

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SBA Express Program

Get a quick response to your SBA loan application.

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Coronavirus Relief Programs

We've compiled key information about the SBA’s Paycheck Protection Program (PPP) and other business relief programs created in response to COVID-19. Get the latest updates and learn more about PPP and other SBA relief programs.

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