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Small Business

American Bank of Commerce is the perfect partner for small businesses

ABC Bank understands the daily challenges of business ownership. 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

Contact us for more information.

For more information about Small Business at ABC or to get started on the loan application process, please contact Shasi Wilson, Vice President of SBA Lending by completing the form.

Small Business Request Form