SBA Lending

SBA Loans can be used for :

• Owner-occupied Real Estate Purchase
• Machinery and Equipment Purchase
• Permanent Working Capital Needs
• Existing Business Acquisitions
• Start-up Businesses

Keeps Cash in your Business:

• Low monthly payments and flexible terms (as long as 7 years for Working Capital, 10-15 years for Equipment, and up to 25 years for Real Estate)
• Low down payment required
• Allows for up to 90% financing for new purchases and offers solutions for financing soft assets, such as goodwill.
• Ability to finance closing costs versus paying them out of pocket

Flexible Terms

• Option for Interest Only periods
• Lines of credit with 7 year commitments (Non-SBA lines typically are 1 year)
• No Balloon Payment necessary
• Limited Pre-Payment penalties

** With a “7a” SBA-guaranteed loan the Total Project Cost includes loan closing costs and working capital (operating cash), not just the purchase price (buying) or hard charges (building).

Why Shore Community Bank?

Shore Community Bank is a local Bank with deep ties to the economic, social stability and growth of the Jersey Shore. We have over 10 years experience in SBA lending and will help to find the loan to best suit your needs; while answering any questions you may have during the process.

Here at Shore Community Bank we offer a personalized banking experience; we want you to be the BIG fish in our Community pond!

Call us Frank Hertler at 732-240-5800 or by email at fhertler@shorecommunitybank.com if you have any questions or to request an application.