SBA 7(a) Loans

SBA 7(a) Loans

As a market share leader in the San Luis Obispo and Santa Barbara counties, American Riviera Bank is proud to be a Preferred Lender through the United States Small Business Administration (SBA) 7(a) program. The 7(a) program offers loan guaranties to bolster loan applications that may not meet conventional lending standards.

Benefits

  • Loans are amortized and payable over an extended period
    • Real Estate: 25 years
    • All other uses: 5-10 years
  • Capped variable interest rate (cannot exceeds SBA Maximum allowed)
  • Term Loans up to $5 million; Lines of Credit up to $350,000*
  • Funds can be used to meet a variety of needs including:
    • Debt Refinance
    • Business Acquisition
    • Expansion/renovation of owner-occupied real estate
    • Purchase of machinery & equipment
    • Leasehold improvements
    • Inventory and accounts receivable
    • Permanent working capital
    • Lines of Credit

As an SBA Preferred Lender, we offer a team of experts and local decision-makers who streamline the process for you, which means faster decisions and direct access to help when you need it.

What do I need to apply?

  • 3 years business federal tax returns
  • Current Income Statement and Balance Sheet
  • Business Debt Schedule to match Balance Sheet (we can provide you with a spreadsheet)
  • Business Plan and two year projections for startup or business acquisition
  • 3 years personal federal tax returns
  • Personal Financial Statement
  • Reach out to one of our SBA Experts for more information on application requirements.

Ask an Expert

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Annette Jorgensen

Vice President, SBA Business Development Officer

Send E-mail
805-979-3846
Location: Santa Barbara

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Renee Howard

Assistant Vice President, SBA Business Development Officer

Send E-mail
805-540-6235
Location: San Luis Obispo

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Lesley Lang-Lopez

Vice President, SBA Lending Manager

Send E-mail
805-979-3848
Location: San Luis Obispo

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Customer Testimonial

American Riviera Bank knows and cares about our customers.

"Instant action set American Riviera Bank apart! They were right on top of all the SBA requirements; I wouldn't be getting through this without them."
Kellie Avila, Avila Traffic Safety