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Small Business Administration (SBA) Loans

If you’re planning to start a business or expand an existing business, you might need financing help. Anchor Bank, a division of Old National Bank is an SBA Preferred Lender, which means our team has the demonstrated experience and credibility to help you take advantage of financing backed by the U.S. Small Business Administration. SBA loans can be used for a variety of needs, so talk to a banker to learn what’s right for you. Learn more about SBA loans.

Product

Key Benefits

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7A

  • Helps position your company for growth, since loan proceeds can be used for a variety of business purposes.
  • Improves cash flow with longer loan maturity dates ranging  up to seven years for working capital, ten years for equipment purchases, and 25 years for real estate. 
  • Loan amounts up to $5 million.
  • Long-term working capital to pay operational expenses, cover accounts payable and/or purchase inventory.
  • Equipment, machinery, furniture, fixtures, supplies or materials.
  • Capital to acquire a business.
  • To refinance existing business debt under certain conditions.
  • Real estate, including land and buildings.
  • To construct a new building or renovate an existing building.
  • To establish a new business or expand an existing business.

504

  • Less equity is needed; down-payments can be as little as 10%.
  • May aid to improve cash flow with longer loan maturity dates ranging ten years for equipment purchases and 20 years for real estate.
  • Loan amounts up to $5.5 million to acquire the equipment or real estate you need for business expansion.
  • Predictable payment amounts with a fixed interest rate for 20 years on the SBA portion of the loan.
  • To purchase land, including existing buildings.
  • Site improvements, including grading, street improvements, utilities, parking lots and landscaping.
  • New facilities, including new construction, or modernizing, renovating or converting existing facilities.
  • To purchase long-term machinery and equipment.

SBA Express

  • Funds inventory and receivable growth.
  • Provides a flexible revolving line of credit to reduce interest expense, since you’re only borrowing what you need, when you need it.
  • Funding for accounts receivable and inventory.

Export Express

  • Funding for exporters.
  • Provides a flexible revolving line of credit to reduce interest expense, since you’re only borrowing what you need, when you need it.
  • Funding for export accounts receivable and inventory.

Export Working Capital Program

  • Funding for exporters.
  • Provides a flexible revolving line of credit to reduce interest expense, since you’re only borrowing what you need, when you need it.
  • Provides working capital funding up to $5 million.
  • Funding for export accounts receivable and inventory.

CAPLines

  • Positions your company for growth, since loan proceeds can be used for a variety of business purposes.
  • Positions your company for growth, since loan proceeds can be used for a variety of business purposes.
  • Can improve cash flow with loan maturities up to 10 years.
  • Loan amounts up to $5 million.
  • Seasonal Line. Finance seasonal increases of accounts receivable and inventory.
  • Contract Line. Finance direct labor and material cost associated with performing assignable contract(s).
  • Builders Line. Finance direct labor and material costs to cover builder/contractor constructing or renovating commercial or residential buildings. 
  • Working Capital Line of Credit. Working capital to fund inventory and accounts receivable.

 

Loans are subject to credit approval.