Compare SBA Loan Programs

Timberland Bank is proud to provide SBA loan products under the SBA’s GP and Express Lender Programs. The Small Business Administration (SBA) is a federal agency that provides financing that helps small businesses grow. Your small business may qualify for financing more easily and receive more flexible terms through SBA lending, which can help preserve your working capital for other expenses.

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SBA Loan Programs Offered at Timberland Bank

Below are comparison of our product offerings. When you’re ready to take the next step, click here to contact a local Business Lender in your area.

 

SBA 7(a)

SBA Express

SBA 504

Perfect For Businesses looking for flexible terms on term loans to purchase equipment, vehicles, fixtures, lease-hold improvements, working capital, business acquisitions, refinance debt for compelling reasons, or start-up financing Businesses looking for quick and flexible terms to purchase equipment, vehicles, fixtures, leas-hold improvements and working capital Businesses purchasing real estate for their own use
Benefits

Long term financing

Improved cash flow

Fixed maturity

No balloon payments

No prepayment penalty

Reduced SBA eligibility documentation requirements

Accelerated processing with conventional loan documentation

Fixed maturity

No balloon payments

No prepayment penalty (under 15 years)
 

Low down payment

Equity contribution may be borrowed

Fees can be financed

SBA/CDC portion has long term fixed rates

Full amortization

No balloon payments
 

Credit Amount Up to $5 million Up to $350,000 Up to $5 million
Interest Rates

Loans Less than 7 Years:

$25,000 - $50,000: Prime + 3.25%

Greater than $50,000: Prime + 2.25%

Loans 7 Years or Longer:

$25,000 - $50,000: Prime + 3.75%

Greater than $50,000: Prime + 2.75%

Up to $50,000 or Less: Prime + 6.50%

$50,000 to $350,000: Prime + 4.50%


 

Contact your local Business Lender
Fees

Standard SBA Guarantee fees apply

Normal closing costs

Ask your banker for a detailed breakdown

Term

Up to 7 years for working capital and inventory;

10 years for equipment, vehicles, tenant improvements and business acquisition

Up to 7 years for working capital, inventory or line of credit option;

10 years for equipment, vehicles or tenant improvements

Up to 10 years on equipment and up to 25 years on real estate
Prepayment Penalty

Terms Under 15 Years: None

Terms Over 15 Years: 3, 2, 1
 

Terms Under 15 Years: None
 

Contact your local Business Lender
Documentation Required

Business Loan Application

Personal Financial Statement OR SBA Form 413

SBA Form 1919

Business tax returns from the last 3 years

Personal tax returns from the last 3 years

Business Loan Application

Personal Financial Statement OR SBA Form 413

SBA Form 1919

Business tax returns from the last 2 years

Personal tax returns from the last 2 years

Business Loan Application

Personal Financial Statement

Business tax returns from the last 3 years

Personal tax returns from the last 3 years

SBA Loan Applications

For your convenience, you can find copies of the documentation required to proceed with your application on the Business Loan Applications page of our website, underneath the SBA Forms and Applications heading.