SBA Loans
Programs SBA Loans
Programs

SBA Loans

Grow your business with an SBA government-guaranteed loan

Nantucket Bank is committed to supporting the community and local economy. We offer SBA-guaranteed loans to help you expand your business.

SBA Express Loans

For businesses who need a quick decision, an SBA Express loan may be the right option.

  • 36-hour turnaround for SBA loan guarantee
  • Loans and lines of credit up to $350,000
  • Fixed or variable rates

 

SBA 7(a) Loans

SBA 7(a) loans are basic term loans designed for borrowers looking to start, acquire or expand a small business.

  • Can be used for a variety of purposes including purchasing real estate, financing equipment, working capital and more
  • Terms of 7 to 25 years, depending on the use
  • Loans and lines of credit up to $5 million

 

Certified Development Company/504 Loans

CDC/504 loans are long term, fixed-asset financing for equipment and real estate.

  • Can be used for purchasing land, property improvements, constructing/renovating new buildings, purchasing long-term equipment
  • Longer maturities
    • Equipment loan terms of up to 7 to 10 years
    • Commercial real estate loans of up to 10 and 20 years
  • Lower down payments

 

For more information, stop by your nearest branch, call 508.228.0580 or contact one of our Business Bankers directly.