Features & Benefits
The U.S. Small Business Administration (SBA) is a government agency that works with banks to help Americans start, build and grow businesses. As an SBA Preferred Lender, Huron Community Bank has the authority to approve loans on behalf of the SBA allowing for faster turnaround and quicker approvals. We offer a variety of SBA loans to allow us to find the one that fits your needs:
7(a) Loan Program
Used for a wide variety of business purposes including business start-up, purchase or expansion, working capital, equipment, inventory, debt refinance, building construction or renovation.
- Lower down payment requirements
- Longer repayment terms
Certified Development Company (CDC) 504 Loan Program
Provides long-term, fixed-rate financing for major fixed assets, such as land and building, purchase or expansion.
- Lower down payment requirements
- Longer repayment terms
Approved to offer SBA loan products under SBAs Preferred Lender Program, and SBA Express Lender Program.
Certain restrictions apply. Credit subject to approval. All credit applications subject to SBA program parameters.