SBA Loan Application Checklist and Forms
Contact Us To Learn More About Your SBA Options:
Interested in an SBA Loan for Your Business?
Our Experienced Lending Specialists will Guide
You Through the Process
How We Are Helping Businesses Like Yours
At Georgia Primary Bank we pride ourselves on being able to quickly and efficiently help you explore your options in obtaining a Government Guaranteed loan, whether it be SBA 7(a), 504 or USDA. SBA loans are beneficial to business because they:
- Typically offer a lower equity requirement
- Provide longer repayment term
- Lower monthly payments
Ready to Learn More About SBA Loans?
What Our Programs Do
No matter what you’re looking to do, our Government Guaranteed Lending (GGL) team has the proven expertise to help entrepreneurs such as yourself recover, start, grow and expand your business with the help of the SBA or USDA loan programs. We view your client relationship as a business partner and look for you to see us as the same as you plan for the future of your business. We help entrepreneurs accomplish their goals of:
- Purchasing a business
- Starting a business
- Purchasing Real Estate
- Purchasing Equipment
- Refinance existing business debt
- Expanding to new locations
Our Programs
| Program | Maximum Loan Amount | Term | Use of Proceeds |
| SBA 7(a) | Up to $5 million | Depends on ability to repay. Generally, working capital & machinery & equipment (not to exceed life of equipment) is 5-10 years; real estate is 25 years. | Term Loan. Expansion/renovation; new construction, purchase land or buildings; purchase equipment, fixtures, lease-hold improvements; working capital; refinance debt for compelling reasons; seasonal line of credit, inventory or starting a business |
| SBA 504 – Provided through Certified Development Companies (CDCs) which are licensed by SBA | 504 CDC maximum amount ranges from $5 million to $5.5 million, depending on type of business or project. | CDC Loan: 10- or 25-year fixed interest rate. Lender Loan: | Long-term, fixed-asset loans; Lender (non-guaranteed) financing secured by first lien on project assets. CDC loan provided from SBA 100% guaranteed debenture sold to investors at fixed rate secured by 2nd lien. |
| USDA (B&I) Rural areas outside of a city or town with a population of fewer than 50,000 people. | Up to $25 million | Maximum term on real estate is 30 years. Maximum term on machinery and equipment is for its useful life or 15 years, whichever is less. Maximum term on working capital is not to exceed 7 years. | Business conversion, enlargement, repair, modernization or development. The purchase and development of land, easements, right-of-way, buildings or facilities. The purchase of equipment, leasehold improvements, machinery, supplies or inventory. |
Recently Closed SBA 7(a) Loans
Why Choose Georgia Primary Bank for your Lending Needs?
At Georgia Primary Bank we pride ourselves on being able to quickly and efficiently help you explore your options in obtaining a Government Guaranteed loan, whether it be SBA 7(a), 504 or USDA. SBA loans are beneficial to business because they:
- Experience
Our lenders have more than 70 years of combined experience, including diverse backgrounds in various types of lending. - Attention to Detail
We understand that no two clients or businesses are alike. We pay close attention to details like industry performance, cash flow, and location. - Client-focused
We provide tailored loan structures and work with clients to understand their business and what will work.
Yasmine Jandali
STARWOOD BUSINESS GROUP
Managing Broker
“As a professional business broker, too often I encounter lenders who are looking for reasons *not* to make deals happen. This is certainly not the case with the team at Georgia Primary Bank. They are true partners in our transactions, and go above and beyond to make sure the borrower is well taken care of and well informed from beginning to end. It is with pleasure that I highly recommend GPB to any business owner or borrower seeking financing.”
Lance Jeffreys
CRUMBL COOKIES
Co-Owner
“GA Primary is the bank that helps turn business dreams into reality. Everyone is extremely helpful and friendly, I never think twice about calling them.”
Our Loan Specialist
 Susan Kite |
Ready to Discover Your Options?
Every business is as unique as their owner(s) and no matter what you’re trying to accomplish, we look forward to working with you to help you achieve your goals for your business. Contact us today to speak with one of our lending specialists about growing your business.
Approved to offer SBA loan products under SBA’s Preferred Lenders Program.