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SBA Lending. Big Opportunities. Local Support.
Grow your business with SBA-backed lending solutions from Monterey County Bank. Whether you’re buying equipment, expanding operations, or securing working capital, our Small Business Administration (SBA) loans provide affordable, flexible financing to help your business succeed.
Our local experts guide you through the SBA process, making it easier to access the funding you need. With competitive rates, longer repayment terms, and personalized support, we help turn your business goals into reality.
Our Lending Solutions
SBA Loans Can Be Used For:
Start-up Costs
Cover essential expenses to launch and successfully open your business.
Business Acquisition
Finance the purchase of an existing business with flexible funding options.
Equipment Financing
Purchase machinery, vehicles, and essential equipment to grow operations.
Commercial Real Estate
Purchase or refinance owner-occupied property for your business.
Working Capital
Support daily operations, payroll, inventory, and short-term expenses.
SBA loans are partially guaranteed by the U.S. Small Business Administration, offering flexible terms and lower down payments than many conventional loans. These loans can be an excellent option for business owners seeking capital with more accessible requirements.
SBA loans help small businesses grow. Your business should be U.S.-based, for-profit, and meet SBA size standards. You’ll also need to show you can repay the loan, that other financing isn’t available on reasonable terms, and meet basic credit requirements.
7(a) Loan | VS. | 504 Loan |
7(a) loans are a flexible option for businesses, covering various needs like working capital, real estate, equipment purchases, and business acquisition. | Purpose | 504 loans are more specific and intended to be used to finance commercial real estate or large equipment purchases. |
Maximum loan amount | Loan Amount | The typical maximum loan amount is $5 million, with some exceptions allowing for $5.5 million. |
10 - 25 Years | Terms | 10 - 25 Years |
Adjustable or Fixed | Interest Rate | Fixed |
Typically within the range of 0% to 10%, although it can differ based on factors such as loan amount, lender, and the borrower's individual circumstances. | Down Payment | Generally requires a minimum 10% down payment. |
Collateral may be needed for larger loans to secure the amount. | Collateral | Purchased property or equipment is commonly used as loan collateral. |
Why Choose Monterey County Bank?
- Local Expertise: We understand the challenges and opportunities facing businesses in Monterey County.
- Personalized Service: Your business isn’t one-size-fits-all, and neither is our lending approach.
- Community Commitment: We invest in the success of the businesses that make our community thrive.
- Quick, Transparent Process: Timely decisions and clear guidance every step of the way.
Get Started Today!
Every business begins with a dream. Our team is ready to listen, learn your goals, and find the financing that helps your business take root and grow. From first-time ventures to established businesses, we’re by your side. Contact us today to get started!
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