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