Jim Barnett is the Vice President at Exchange Bank.
I take pride in being an SBA lending professional for over 15 years and I am dedicated in being your expert in all small business lending needs. Partner with me and Summit State Bank to enjoy the benefits of working with dedicated SBA experts committed to outstanding customer service, decades of experience and fast turnaround. We specialize in funding business acquisition requests, with and without real estate; including gas stations, hospitality, B&B’s, restaurants, etc.
Best of all....we pay up to 1% referral fees on all 7a requests.
SBA 7(a) - SBA’s flagship program for term loans for all business purposes with the most flexibility...
This government guaranteed loan can be used to start, expand or purchase an existing business. Loan proceeds can be used for the purchase, construction or refinance of owner occupied commercial real estate, inventory, permanent working capital, debt restructuring and partner buyout.
Loan terms of 7-25 years, fully amortizing
Loan amounts of $50,000 to $5,000,000
Flexible collateral requirements
SBA 504 - Long-term, fixed asset financing - Helping business owners create wealth through commercial real estate ownership...
This loan program involves a two loan structure in partnership with SBA to finance the acquisition or construction of owner occupied commercial real estate or the purchase of major equipment.
Long term fixed rates up to 25 years on the SBA portion
Up to 25 year amortization and 10 year term on Exchange Bank portion
Financing up to 90% of eligible project costs ... see more