SBA 7(a) Loan Program

The SBA 7(a) Loan Program takes advantage of the U.S. Small Business Administration providing a guarantee of a

percentage of a loan made by participating banks for businesses needing capital for a variety of purposes. Bridge

Bank is a Preferred Lender with the SBA, the highest approval level that can be achieved by a lender. At Bridge

Bank, we take pride in our ability to quickly prequalify, approve, and close SBA packages using local approval

authority and processing.

Loan Amount: $150,000 to $5,000,000

Borrower: Sole Proprietorship, Corporation, Partnership or Individual (real estate only)

Purpose Purchase, refinance or construction of owner-occupied commercial owner-occupied real

estate, purchase or refinance of equipment, leasehold improvements, debt refinance,

working capital, business purchase or startup

Repayment Principal and interest payments each month

Loan to Value: Up to 90%

Term: 7, 10 or 25 years, fully amortized - based on use of loan proceeds

Rate: Prime (3.25%) plus 2.75%. Today’s rate is 6.00%. The rate is adjusted quarterly.

Fixed rates are available for larger size deals with strong cash flow on multi-use

properties.

Loan Fee 2.25% to 2.76% paid to the SBA based on loan size (can be financed as part of loan)

Prepayment Penalty: 5%, 3%, 1% during first three years for loan terms greater than 15 years

Collateral: Available business and personal assets including commercial and residential real estate

Guarantors: Required of any 20% or more owner of business or real estate