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SBA Loan

Since Center Bank first offered SBA loans in 1989, we have been active in providing small business loans throughout Southern California. As a member of Preferred Lender Program, PLP, we can obtain SBA guaranty approval in two working days. The department provides and specializes in all SBA loan programs, including SBA 7(a), SBA504, and Express Loans. Our experienced SBA department staff assists our customers by tailoring loans to their specific needs. The SBA department is committed to providing superior service and in helping our customers succeed!

7a Loan Program

An SBA loan provides financing for various purposes for small businesses under guarantee of the U.S. Small Business Administration (SBA), a federal agency created to provide financial assistance for small businesses. Center Bank is a Preferred SBA Lender having full loan approval authority on behalf of the SBA.

An SBA loan provides the longest terms available to repay the loan for the borrower
As a PLP lender, we can provide a faster loan processing time compared to non-PLP lenders
Requires a low down payment for the purchase of real estate, business and equipment
$50,000 to $2,000,000 in financing
Loan Terms from 7 to 25 years, depending on loan purpose
Quick decision process

An SBA loan provides financing for various purposes for small businesses as follows:

Purchase, construction, renovation or refinance of commercial real estate for business purpose.
Purchase of existing business
Purchase equipment and machinery
Working capital and inventory financing
Business Start-up/ Expansion

SBA 504 Loan Program

The SBA 504 loan program is the U.S. Small Business Administration's long-term financing tool provide by the SBA 504 Certified Development Company (CDC)

The CDC provides long-term, fixed-rate financing for fixed asset projects. CDC works with the SBA and Center Bank to provide financing to small businesses. The program allows business owners to contribute as little as 10% equity into a project.

Eligible Uses

Purchase land and improvements including existing commercial building
Construction of new facilities, or renovating exiting facilities
Purchase of long-term machinery and equipment

Typical Financing Structure

50% Center Bank 1st Trust Deed Financing
40% CDC 2nd Trust Deed Financing
10% Applicant's minimum cash down payment*

* Minimum 20% down payment is required for special purpose property such as motel/Hotel, Gas Station property Car Wash property, etc.

With Center Bank's strong background and experience, let us help finance the business of your dream.

Call Now (213)381-2222 to apply for an SBA Loan

THIS IS EFFECTIVE : March 21. 2009.