SBA Guaranteed Loans

At Legence Bank, we don't see size; every local business is just as important to us—large or small. That's why we work closely with the U.S. Small Business Administration to secure small businesses the access to funds they deserve.

SBA Loans provide generally extended repayment options and lower down payments. Give your up-and-coming business the fuel it needs to grow strong with the help of an SBA Loan from Legence Bank.

We have several lenders that specialize in SBA loans. To meet our team, simply click on each lender's name to learn more about them and to contact them today. 

Ryan Beckemeyer, Vice President Commercial Lending

Chris Healy, Vice President Guaranteed Lending

Legence Bank is honored to be named a "SBA Preferred Lender". What does this mean for you and your business?

We are able to offer a shorter response time for small business customers, which allows us to provide our customers with the funding they need in a shorter amount of time.

Under the Preferred Lenders Program (PLP), high-volume SBA lenders such as Legence Bank are delegated loan approval as well as closing and most servicing and liquidation authority, enabling them to make loan decisions more rapidly. The SBA generally assigns a loan number instantaneously for approved PLP loans submitted by participating lenders.

To earn PLP status, lenders or institutions must establish a successful history of SBA loans and display a great understanding of lending policies and procedures. Legence Bank is proud to offer a full range of SBA loan products and a streamlined loan approval process.

The SBA, under its 7(a) Loan Guaranty Program, can guarantee loans up to $5 million. Loans are available for most business purposes, such as to purchase commercial real estate, equipment, and inventory as well as for short-term working capital. The interest rate normally will not exceed 2.75 over the prime lending rate. Maturities are up to 10 years for working capital and up to 25 years for fixed assets. For more information about SBA, visit www.sba.gov.

Summary
  • Available to start-up businesses, as well as purchasing and refinancing existing businesses
  • Government-assisted help for businesses that might otherwise have difficulty getting approved
  • Special financing for qualifying businesses
  • Maximum loan amounts up to $5 million
  • A wide range of lending options available
  • Generally lower down payments and extended terms
  • Additional considerations taken when deciding maturity*
  • Competitive rates for a wide range of business needs
  • Local decision-making and processing
  • Customer-first service from start to finish

*Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed.

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USDA Guaranteed Loans

Expand an existing business, start a new one, and stock up on supplies with a USDA Guaranteed Loan.

Business Term Loans

Create the terms of your ongoing success with a flexible, competitive-rate Term Loan from Legence Bank.