Small Business Administration (SBA) Loans

Helping your small business take its next big step.

Don’t let financing stand in the way of your goals. We offer loans backed by the U.S. government’s Small Business Administration (SBA), designed to help start or grow small businesses. Our specialized lenders will help you determine if you qualify and guide you through the application process.

SBA 7(a) Loans

The 7(a) loan program is the SBA’s flagship program for lending capital to small businesses. Some common reasons to take out a 7(a) loan include:

  • Acquiring an existing business
  • Purchasing a franchise
  • Refinancing current business debt
  • Buying furniture, fixtures, equipment, or inventory
  • Purchasing commercial real estate
  • Constructing or renovating a building
  • Securing short- or long-term working capital

SBA 504 Loans

504 loans are for longer-term business solutions and offer fixed rate financing with low down payments. Common reasons to take out a 504 include:

  • Financing new facilities or land
  • Improving or modernizing existing facilities
  • Long-term financing of machinery or equipment

Why should I take out an SBA loan?

Both LMCU and the U.S. government know that small businesses benefit the local communities they serve and want to encourage their growth and success. SBA loans are specifically designed for small business owners who might not have the level of capital or collateral required to qualify for a traditional bank loan. They offer more flexible borrowing limits and repayment plans, great for the unique circumstances small businesses can find themselves in.

Why should I borrow with LMCU?

LMCU’s dedicated SBA lending team works closely with businesses of all industries and types. We will take the time to get to know you and your situation so we can recommend the best course of action to help you achieve your business goals now and in the future.

We are an SBA Preferred Lender

The SBA has approved us as an SBA Preferred Lender. Being part of the SBA Preferred Lender Program means we can offer a superior experience when you borrow with us.

Pay less

Our SBA Preferred Lender designation often gives us the ability to offer better terms and rates.

Get answers quickly

A streamlined approval process gets you answers up to four weeks faster than non-preferred lenders.

Work directly with us

We can approve SBA loan requests in house without having to get external SBA approval, so you know who you’re working with.

Email Us

* Required Fields