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what are sba loans?

SBA (Small Business Administration) loans are small business loans that are partially guaranteed by the SBA which assist lenders to make loans they might not otherwise be able to make.  At Climate First Bank, we offer SBA loans for business expansion, acquisition, partner buyouts, real estate purchases, solar installations, and more.

loan types

SBA 7(a) Loans

SBA’s premier lending program helps small businesses preserve capital, reduce monthly payments, and acquire long term financing. The program offers.
  • loan terms up to 25 years to reduce monthly payments.
  • as little as 10% equity required to help preserve capital needed for growth.
  • flexible use of proceeds, including:
  • real estate purchases.
  • improvements such as leasehold improvements, retrofits for HVAC, window/lighting upgrades, solar installation, or electric vehicle charging stations.
  • business acquisition, key employee or partner buyouts.
  • working capital or debt refinance.
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SBA 504 Loans

The SBA 504 loan program provides long term, fixed rate financing for major fixed assets that promote business growth and job creation. The program,
  • loan terms up to 25 years with no balloon.
  • offers down payments as low as 10%.
  • structures loans with Certified Development Companies.
  • has long term, fixed rate financing.
  • can be used for:
  • buying a building.
  • financing ground up construction.
  • building improvements.
  • purchase of heavy machinery or equipment.
  • refinance or consolidate existing debt.
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Next Steps:

Our Other business offerings

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Business Acquisitions and Buyouts

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Real Estate Lending

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Renewable Energy

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Equipment Finance

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As the nation’s first climate-focused bank, Climate First Bank is a full-service community bank offering both personal and commercial banking services. We are proud to serve our communities as we work together to promote sustainability and reverse the climate crisis.
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