Small Business Administration (SBA) and U.S. Department of Agriculture (USDA) Loans
Start or grow your business with a government-guaranteed loan
As a Preferred SBA Lender, we can reduce the time and headaches often associated with government-guaranteed lending. SBA and USDA loans provide more flexible underwriting guidelines1 and terms than traditional loans, including:
- Lower down payments
- Competitive rates
- Longer repayment terms
- Fully amortizing loan structures
What are government-guaranteed loans?
Both SBA and USDA loans are government-guaranteed, which means that government agencies agree to pay if the borrower defaults. This allows those who may not be able to be approved for a traditional loan to qualify for government-guaranteed loans.
What is a SBA Preferred Lender?
Sandy Spring Bank will work with you every step of the way and as a SBA Preferred Lender, we can help streamline the process and save you time. This designation is only given to select lenders with a proven record of success.
Popular Loan Options
SBA 7(a) loan1
The SBA 7(a) loan provides small- and medium- sized businesses access to loans for a variety of uses, including expansion or new build, owner-occupied real estate2, working capital, equipment, debt refinancing and more. The loans are fully amortized — no balloon payments — and feature low down payments with repayment terms up to 25 years. As an SBA Preferred Lending Provider, we can help streamline the process so you can get the capital you need in no time.
SBA 504 loan
The SBA 504 loan is designed to facilitate the purchase of assets like heavy equipment and commercial real estate. These loans feature low down payments with longer repayment terms.
If you’re an entrepreneur looking to start your business or a longtime owner, we will work with you to find loan options so you can make your financial dreams a reality.