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.