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SBA 7(A) provides loans to small businesses unable to secure
financing through normal lending channels. Terms may be extended,
collateral requirements reduced and traditional borrower investments
may be reduced.
This program is the same as SBA 7(A), with the exception that
it allows loans of $150,000 or less to be applied for with
less paperwork and offers a rapid response from the SBA.
This program provides growing businesses with long-term, fixed
rate financing for major fixed assets, such as land and buildings.
The bank participates with the Development Company by providing
a loan for 50% of the costs of the project, while the development
Center provides 40% of the financing and the borrower contributes
10% of the total project cost.
The focus of this program is to encourage economic growth
by assisting firms to create and retain jobs. The bank participates
with the Fund by providing up to 55% of project costs, while
the Fund provides 45% of the project costs at lower rates
than typically offered by the bank.
The Working Capital Guarantee Program is a pre-export financial
tool to enable exporters to obtain necessary working capital
in order to bid, construct or enhance production and complete
foreign contract awards. Home State Bank has Delegated Authority
to commit EX-IM Bank’s guarantee.
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