Monterey County Bank


SBA Loans
Commercial Loans
Loan "Workout" or Modification

SBA Loans

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.

SBA (7) Loan Services to Include

Loan to Finance

► New Business
► Business Acquisition
► Business Expansion
► Debt Restructuring (Under special conditions)
► Owner-Occupied Commercial Real Estate

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


► 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
601 Munras Avenue
Monterey, CA 93940

(P): (831) 649-4600 


Commercial Loans

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.

► Permanent/long term financing for purchase or refinancing of multi-family properties
► Permanent/Long term financing for the purchase or refinancing of commercial properties
► Secured term loans to businesses for purchase, expansion or refinancing

Because we are locally owned and managed, all loan approvals are made right here… by people who know you.

Loan "Workout" or Modification

If you cannot afford your monthly mortgage payments and wish to avoid foreclosure, you may be eligible for a loan “workout” or modification.  We determine eligibility for loan “workouts” on a case-by-case basis or as applicable by law.  Among other things, we will consider the value of your property and your ability (based on your current income) to make monthly mortgage payments in accordance with the “workout”.  You may also qualify to refinance your current loan with us.

If you are interested in exploring any of the options listed above, you will need to provide us with certain financial information, including the following:  your most recent paystub, list of current monthly expenses, your most recent tax return, bank statements, a current valuation of your property, if available (such as an appraisal).

If you would like to discuss your options to avoiding foreclosure with us:
Please call the Loan Department of Monterey County Bank at (831) 649-4600 or toll free (877) 294-9485.

You may also contact the Department of Housing and Urban Development (HUD) to find a HUD-certified housing counseling agency by calling:
(800) 333-4636. Additional information is made available by HUD on its website

Listing of counseling agencies.

This page revised as of: 2022.0512

Equal Housing Lender Member FDIC  MCB Credit Card Support