SBA Loans/Small Business Lending
Small Business Lending - Thinking of acquiring a business? Thinking of growing the business you have? BCB offers Small Business Loan Options to help your business grow and succeed.
BCB offers low fee Small Business Loans for:
- Business Expansion/Acquisition
- Leasehold Improvements
- Equipment Purchases
- Working Capital
Maximum Loan Size $500,000.00
Subject to Loan approval.
7(a) SBA Loan Guarantee Program – The 7(a) Loan Guarantee Program is designed to help small entrepreneurs start or expand their businesses. These loans are funded by banks and the federal government guarantees up to 85% of the loan (in certain instances as high as 90%) through the U.S. Small Business Administration, depending on the loan amount.
A major benefit of an SBA loan is that it requires a lower down payment than conventional loans and the repayment terms can be for a longer term than that of a conventional loan, for as long as 25 years.
BCB Community Bank is ready to help your business get the financing you need. To learn how we can help, please feel free to call us at 201-243-3533.