Small Business Administration (SBA) Loans
For businesses who need flexibility, we provide Small Business Administration (SBA) government-guaranteed loans and Massachusetts Capital Access Program (CAP) loans. Small business loans give you the opportunity to start a business that you might not be able to self-fund, as well as the ability to grow your existing small business. We are an SBA Preferred Lender and offer loan programs including 7a, 504, SBA Express and Export Express, as well as traditional small business loans. As a top SBA Lender in New England, we’re able to further help businesses in our community grow and expand by offering government-guaranteed SBA loans. SBA loans offer a selection of rate and terms to fit the needs of your business, including:
- Fixed or variable rate options
- Flexible repayment terms available
- Revolving lines of credit for working capital
Plus, these loans can be used for:
- Business debt refinancing and consolidation
- Inventory, machinery or equipment purchases
- Commercial real estate acquisition, renovation or expansion
Contact Michael Semizoglou and learn more about Small Business loans options for your business.
Types of SBA Loans7(a) LoansA general purpose term loan to help start, expand or renovate your business. SBA ExpressA line of credit that offers an expedited review process. 504 LoansA commercial mortgage with a low down payment for aquisitions. Massachusetts Capital Access Program (CAP)A loan designed for Massachusetts small businesses with 200 or fewer employees. Export ExpressA loan for financing your export development. |
FAQs
NB Business Online Banking is a great solution to managing your business accounts. It allows you to view account history, include multiple entities within one online profile, transfer funds, initiate wire requests, pay your bills and invoices online, pay your federal taxes online, and download your information into QuickBooks. NB Business Online is customizable to your business needs. We can help you save time and be more efficient.
As one of the 5 C’s of Credit, cash flow is one of the key factors examined and requested by commercial bankers.
Knowledge Center
Needham Bank provides resources to help you grow your small business. These simple steps can set you up for success when it comes to business expansion.
Learn more about Growing Your Small BusinessContact Michael Semizoglou and learn more about Small Business loan options for your business.