SBA 7(a) Loans

SBA 7(a) Loans

Silvergate Bank works hard to secure financing for small and growing businesses that may otherwise have trouble through traditional loan channels. We are experts in Small Business Administration loan programs, combining the best of local service with the strength of U.S. government.

Use an SBA 7(a) Loan to refinance fixed assets, tenant improvements, business acquisition, business expansion, and more. Contact Silvergate Bank today to get your business growing.

Summary
  • Special loan program for small and growing businesses
  • Loan is guaranteed by U.S. Small Business Administration (SBA)
  • Makes it easier to get loan approval
  • Lower down payments
  • Competitive rates
  • Local San Diego decision-making
  • Personal service at every step
Details
  • Provides fully amortized loan with favorable terms and rates
  • Minimal down payment—10% to 15%
  • Underwriting can be based on projections
  • No loan fee charged, but there is an SBA guaranty fee ranging from 2% to 3.75% depending on loan size
  • Real estate financing for acquisition, refinance, construction, improvements for owner occupied properties: up to 25-year term, fully amortized
  • Debt refinance—up to seven to 25 years, fully amortized
  • Equipment, inventory, and working capital—seven to ten years, fully amortized
  • Size of loan: $50,000 to $5,000,000
  • Interest Rate: WSJP + 2.25% to 2.75% (variable rate/adjusts quarterly)