FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Business Loans
Let us help you grow your business!
Monterey County Bank is committed to the small business community. Since 1987 we have been helping small businesses with the U.S. Small Business Administration (SBA) program. SBA loans can be obtained for the following purposes:
- Business purchase
- New business start-up
- Additional working capital, equipment or tenant improvements for your existing business
- Purchase of commercial real estate to house your business
Each of the above mentioned investments could be funded by an SBA loan. For additional details on these types of loans please refer to the chart below.
Monterey County Bank is historically the #1 SBA Lender in Monterey County and we specialize in SBA 7a and 504 loans. Our experts can talk business with people who do business.
Loans to Finance
New
Business
Business
Acquisition
Business
Expansion
Debt
Restructuring*
Owner-Occupied
Commercial
Real Estate
* under special conditions
Eligible Uses
- Purchase of equipment, machinery, furniture, fixtures, supplies or materials
- Long term working capital, includes the payment of accounts payable and/or the purchase of inventory
- Refinancing of existing business indebtedness that is not already structured with reasonable terms and conditions
- Purchase of land or buildings, to cover new construction as well as expansion or conversion of existing owner-occupied facilities
Benefits
- Longer maturity than conventional loans:
- Up to 10 years for Working Capital
- Up to 10 years or Equipment Useful Life
- 25 years + construction period for Real Estate
- Qualification is easier than conventional loans
-
10% down for owner occupied Real Estate purchase
-
SBA Guaranty of 75% or 85%
Monterey County Bank offers great financing options for commercial lending. We have experts in these lending fields that work with you throughout your project to make sure you succeed.
Eligible Uses
Permanent/long term financing for purchase or refinancing of commercial real estate
- Permanent/Long term financing for the purchase or refinancing of commercial properties
- Secured term loans to businesses for purchase, expansion or refinancing
