New SBA 7a Loan
  • NO UPFRONT SBA FEES

  • SBA PAYS FIRST 6 MONTHS PAYMENTS*

  • LOAN AMOUNTS FROM $250K TO $5 MILLION

  • ONE TIME CLOSE - 25 YEAR MAX TERM

*6 Months Of Payments Are Subject To Funds Availability By Small Business Administration (SBA) and must close and be fully funded between February 1, 2021 and September 30, 2021. All Loans Are Subject To Credit Approval. Contact Your Local First Port City Bank SBA Officer For More Details. Call 904-557-9347 or Fill Out The "Contact Us" Form and A Loan Officer Will Reach Out To You.

Use
SBA 7(a) Loan General Purpose
SBA 504 Loan Real Estate & Equipment
USDA Loan Real Estate, Equipment, Working Capital and Construction
Conventional General Purpose
Loan Size
SBA 7(a) Loan $250,000 to $5,000,000
SBA 504 Loan $1,000,000 to over $7,500,000
USDA Loan $500,000 to $10,000,000
Conventional Unlimited
Interest Rate
SBA 7(a) Loan
  • Variable or fixed rate
  • Fully amortized through the term of the loan
  • Interest rates are based on the current market conditions with various indexes up to prime and individual loan review
SBA 504 Loan
  • Variable or fixed rate
  • Fully amortized through the term of the loan
  • Interest rates on 504 loans are set at an increment above the current market rate for five-year and ten-year U.S. Treasury issues
USDA Loan
  • Variable or fixed rate
  • Fully amortized through the term of the loan
  • Interest rates are based on the current market conditions with various indexes up to prime and individual loan review
Conventional
  • Variable or fixed rate
Terms Available & Amortization Periods
SBA 7(a) Loan
  • 25 years: real estate
  • 10 years: equipment, business acquisition
  • 5 to 7 years: working capital
  • All loans are fully amortized
  • No balloon payments
SBA 504 Loan
  • 20 years fully amortized real estate loan
  • 10 years fully amortized equipment loan
  • No balloon payments
USDA Loan
  • 30 years: real estate
  • 15 years: equipment or useful life
  • 7 years: working capital
  • All loans are fully amortized
  • No balloon payments
Conventional
  • Typically 20 year amortization for real estate with 5 year balloon
  • 10 year balloon
  • 5 Years: equipment
  • Typically 1 year line of credit working capital
Loan Structure
SBA 7(a) Loan
  • Up to 90% bank loan
  • 10% minimum borrower down payment
SBA 504 Loan
  • 50% bank loan
  • Up to 40% CDC loan
  • 10%-20% borrower down payment
USDA Loan
  • Up to 100% bank loan
  • 10% TBSE Requires Existing Business
  • 20% TBSE Start-Up
Conventional
  • Up to 80% bank loan
  • 20% borrower down Payment
  • Plus closing costs
Loan Fees
SBA 7(a) Loan
  • $2,500 Packaging Fee
  • Fees rolled into loan
SBA 504 Loan
  • Up To 2.0%
  • Fees rolled into loan
USDA Loan Packaging Fee Depends on Loan Size
Fees rolled into loan
Conventional
  • Up to 1% origination fee
  • Fees paid at closing

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