Heritage Bank is an approved 7(a) SBA Lender as well a SBAExpress Lender - Loan approval delegated to lender, fast turnaround, streamlined process and Easy-to-use line of credit.
SBA loans can benefit qualified borrowers with:
- Loans up to $5 million for expansion/renovation, owner occupied new construction and purchase of land or buildings, purchase of equipment, fixtures, leasehold improvements, working capital, refinance debt (in certain circumstances), and inventory
- Low down payments as low at 10%, depending on use of proceeds
- Repayment terms – up to 25 years
- Reduced cash flow requirements, providing an opportunity to expand business
- Competitive rates up to 25 years fully amortized – No Balloon Notes
- Our SBA loan approval process is fast. After receiving your complete application package, expect approval from us within 3-5 business days with expedited funding to follow.