As an approved lender under the U.S. Small Business Administration (SBA) loan program, First IC Bank is able to provide quick SBA loan approval on loans that may fall short of conventional financing standards. SBA loans offer greater flexibility in the structure of a loan with potentially lower equity requirements and longer terms.
First Intercontinental Bank is a Small Business Administration (SBA) Preferred Lender (PLP).
We provide fast loan approval for small business loans.
SBA loans can be used to:
- Purchase and/or construction of real estate.
- Leasehold improvements.
- Purchase a business
- Purchase or repair machinery and equipment
- Working Capital
- Refinancing existing debt as long as it shows at least a 20% improvement in cash flow.
Here are some key advantages to selecting a SBA loan over conventional financing:
- A minimum 10% cash injection required
- Terms as high as 25 years
- Offer both variable rates and long-term fixed rates
- SBA can finance young companies
Our experienced SBA lenders want to help your business grow. Please contact
