SBA Loans

The Small Business Administration (SBA) is a federal agency that helps new businesses get started and established, 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.

Timberland Bank is approved to offer SBA loan products under the SBA's GP and Express Lender Programs.

SBA 7(a) Loan Program

Whether purchasing new equipment or expanding real estate, this flexible program helps provide the working capital that a business may need. Features include:

  • Fixed and variable rates available

  • Longer loan terms

  • No balloon payments

SBA 504 Loan Program

This program is ideal for owner-operated, for-profit businesses. Business owners receive up to 90% financing for the purchase, construction, and renovation of owner-occupied real estate or for purchasing machinery and equipment. Features of this loan product include:

  • Fixed rates available at 10, 20 and 25 year

  • Up to 90% financing

SBA Express

The SBA Express Loan or Line of Credit features the easiest SBA application process and accelerated approval times. Plus, this program offers longer terms and lower down payment requirements than conventional loans. In addition, SBA Express provides:

  • Accelerated approval

  • Flexible repayment terms

When you're ready to take the next step with your business, please click here to schedule a consultation with a local Business Banker.