Small Business Administration Guaranteed Loans
We offer a variety of SBA loans at Horizon Community Bank. From micro-loans under $50,000 to 7(a) general loans, real estate and equipment loans, and more. HCB has money to lend and would like to assist you.
While not the only loans we offer, common SBA loan programs include the options below. Talk to one of our bankers today to learn more!
7(a) GENERAL SMALL BUSINESS LOANS
The most common SBA loan, 7(a) loans must meet a number of SBA criteria, including status as a “for profit” company, have a certain amount of invested equity in the business, meet the SBA definition of a “small business” and more. Learn more at SBA.gov or by talking to one of our bankers.
Loans under $50,000 might qualify for the SBA Microloan program, intended for use as working capital, furniture, machinery or equipment, and inventory. Most commonly around $13,000, microloans cannot be used to pay existing debts or purchase real estate.
CDC/504 REAL ESTATE & EQUIPMENT LOANS
Companies with net worth under $15 million and an average net income less than $5.0 million who want to purchase real estate, improvements to their real estate, or long-term machinery and equipment may be interested in the CDC/504 SBA loan program.