Small Business Administration Lending

SBA 7(a) Term Loan

Designed for a variety of business needs, including working capital, equipment purchase, real estate acquisition, and business expansion.

Use of Funds

Flexible use, including working capital, purchasing inventory, refinancing debt, change of ownership, and funding startup costs

Loan Size

Maximum loan size $5 million

Loan Amortization

Up to 25 years for real estate, and up to 10 years for equipment and working capital.

Eligibility

Available to for-profit businesses operating in the U.S. with a reasonable amount of equity and good credit.

SBA Size Requirements

SBA 504 Loan Program

The SBA 504 Loan Program is designed to help businesses grow by offering long-term, fixed-rate financing for major assets such as commercial real estate and heavy equipment. This program is ideal for businesses that are ready to expand or make significant investments in their future.

Use of Funds

Ideal for purchasing or renovating commercial real estate, buying equipment, or expanding business operations.

Loan Size

Maximum loan size $5.5 million

Loan Amortization

Up to 10 or 20 years for equipment and machinery; up to 25 years for real estate.

Eligibility

For-profit businesses in the U.S. with a tangible net worth less than $15 million and average net income of less than $5 million after taxes.

SBA Size Requirements

All SBA loan programs are offered and administered by the U.S. Small Business Administration (SBA) and are subject to SBA eligibility, lending requirements, and availability of funds. Approval of SBA loans is contingent upon the creditworthiness and financial condition of the applicant, as well as the specific terms and conditions of the SBA loan product. Terms, conditions, and loan amounts may vary depending on the SBA program and the lender’s policies. 

SBA 7(a), 504, and Express Loans have specific eligibility criteria and application processes that must be met. Final loan approval is subject to Unity Bank's due diligence, as well as the completion of all required documentation. Interest rates, fees, and repayment terms are subject to change without notice and may vary depending on the applicant’s financial profile and loan product chosen. Loans are subject to SBA loan limits and the availability of collateral may be required. Certain restrictions apply regarding the use of loan proceeds. All loans are subject to credit approval and the terms and conditions of the loan agreement. Please consult your Unity Bank SBA lender for more details about specific loan products, eligibility criteria, and the application process.