Small Business

We are here to help your business

ABC Bank understands the daily challenges of business ownership especially during these difficult times. The stimulus bill that passed Friday, March 27, 2020 will be helping small businesses and American Bank of Commerce will be providing loans for this program. Call us toll free at 1-888-902-2552 and an ABC Bank loan officer will help you get started or complete the Small Business Request Form at the bottom of this page and we will contact you. Click Here for forms and other information on the Paycheck Protection Program

We have been a valuable partner to entrepreneurs in navigating the changing and uncertain path to success. Our expert team of lenders and their in‐depth knowledge of the Small Business Administration and Commercial Lending have helped owners in taking their next steps in the marketplace. American Bank of Commerce is a preferred lender with the Small Business Administration. ABC Bank will assist each business owner in realizing his or her dream of growth, expansion, and success.

For more information, click here to visit the Small Business Administration website.

What type of SBA loan is right for your needs?

SBA Loan Guide: Learn about the types of loans we offer:

• SBA Express Loans

  Use of Proceeds

  • Real Estate – purchase, construction, renovation of commercial owner occupied real estate
  • Business Acquisition – business, franchise or professional practice
  • Machinery & Equipment – purchase or refinance
  • Working Capital
  • Debt Refinancing

  Borrower Benefits

  • Extended payment terms
  • Revolving lines of credit
  • Preserve working capital for growth and expansion
  • Financing available for most industry types

  Loan Amounts

  • Total loan amount up to $350,000

  Terms and Interest Rates

  • Equipment and Working Capital – up to 7 years
  • Competitive Rates – based on a spread over Wall Street Journal Prime

  Disclaimer: this is an outline of terms offered by the SBA and is subject to final approval by American Bank of Commerce and SBA – revised 4/12

• SBA 504 Loans

  Use of Proceeds

  • Acquisition of existing building
  • New construction
  • Long-term equipment
  • Professional fees
  • Lender’s interim points & interests

  Loan Amounts

  • No Maximum Limit placed on Bank loan portion
  • Maximum Gross Debenture (SBA portion) $5,000,000 (Typical project), $5,500,000 (manufacturers and Green Initiative Public Policy Goal projects)

  Borrower Benefits

  • SBA/CDC financing at long term, fixed rate
  • Lower equity contribution, as little as 10% of project
  • Preserves working capital with lower equity requirement
  • Most soft costs may be rolled into project financing

  Loan Structure

  • Bank financing-50%-first lien
  • SBA/CDC financing-40%-subordinate lien (typical project)
  • Borrower equity-10% (typical project)

  Terms and Interest Rates      

  Bank financing

  • Up to 20 years, fully amortizing
  • Adjustable and fixed rates are available
  • Competitive fee structure

  SBA/CDC financing

  • Real Estate-10 or 20 years, fully amortizing (no balloon)
  • Machinery & Equipment-10 or 20 years, fully amortizing (no balloon)
  • Fees set by CDC, some can be financed into the loan
  • Fixed Rate based on Treasury Rates

  Occupancy

  • 51% for existing facilities/buildings (renovations and expansions are eligible)
  • 60% for ground-up construction projects (should occupy 80% within 10 years)

  Disclaimer: this is an outline of terms offered by the SBA and is subject to final approval by American Bank of Commerce and SBA-revised 4/12

• SBA 7a Loans

  Use of Proceeds

  • Real Estate- purchase, construction, renovation of owner occupied commercial real estate
  • Business Acquisition- business, franchise or professional practice
  • Machinery & Equipment- purchase or refinance
  • Permanent working capital
  • Debt Refinancing

  Borrower Benefits

  • Extended maturities; no balloon payments
  • Preserves working capital for growth and expansion
  • Flexible underwriting guidelines
  • Financing available for most industry types

  Loan Amounts

  • Total loan amount up to $5,000,000
  • SBA exposure is $3,750,000

  Terms and Interest Rates

  • Real Estate- Up to 25 years
  • Business Acquisition- Up to 10 years
  • Equipment- Up to 10 years, based on useful life of equipment
  • Working Capital- Up to 7 years, based on type of collateral
  • Competitive Rates- based on a spread over the Wall Street Journal Prime
  • Debt Refinancing- customized to fit each situation

  Disclaimer: this is an outline of terms offered by the SBA and is subject to final approval by American Bank of Commerce and SBA-revised 4/12