Small Business Loans
Small Business Administration (SBA) Loans
When your business needs financing for growth and expansion, you can count on Level One Bank for flexible SBA solutions. We offer a wide variety of SBA loans intended to provide cash relief and fuel the growth of your business. Depending on the program, you can benefit from lower down payments (as low as 10%); longer amortizations (as long as 25 years); and low, long-term fixed rates. As an innovative provider of lending solutions, we understand the capital requirements of your business. Our bankers provide personalized service, expertise, and professional guidance to help your business take full advantage of SBA loan benefits.
Start expanding or building your business through one of the following SBA loan programs:
Term loans of up to $12.5 million intended for industrial or commercial building purchases and the acquisition of equipment.
Term loans and lines of credit up to $5 million intended for acquisition of assets, refinancing and working capital.
Term loans and lines of credit up to $350,000 intended for acquisition of assets, refinancing and working capital.
- Under the Patriot Express, loans up to $500,000 may be available to veterans and members of the military community (and their spouses) who want to start or grow a business.
- Under the Export Express, loans of up to $500,000 may be available to those looking to develop or expand sales overseas.
eLine of Credit
If your business needs additional working capital that is unattainable through traditional financing, our Entrepreneurial Line of Credit (eLine) can help. Our bankers developed this unique product to help local small businesses like yours grow and prosper. Our eLine offers up to $25,000 of working capital with an easy application process, minimal documentation requirements, quick decision making, a competitive interest rate and nominal fees.
- Up to $25,000 unsecured line of credit
- $250 one-time set-up fee
All financing is subject to credit approval.