SBA/ USDA Loan Solutions

Designed to help small businesses succeed.

They offer the stability that comes with being backed by the U.S. government, along with the flexibility of working with our loan officers.

Our low down payment loans can be used for many of your business needs

  • Business acquisition
  • Enterprise refinancing
  • Improve cash flow with longer terms
  • Reduced debt service requirements
  • Fully amortizing loans

We will partner with your business to identify the program that best fits your company’s needs.

Program Maximum Loan Amount Term Use of Proceeds
SBA 7(a) Up to $5 million Depends on the ability to repay. Generally, working capital & machinery & equipment (not to exceed the life of the 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 SBA licenses
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:
Unguaranteed financing may have a shorter term. May be fixed or adjustable-rate
Long-term, fixed-asset loans; Lender (non-guaranteed) financing secured by the first lien on project assets. CDC loan provided from SBA 100% guaranteed debenture sold to investors at fixed rate secured by 2nd lien.
Rural areas outside of a city or town with a population of fewer than 50,000 people.
Up to $25 million The 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.

Ready to Switch to Waycross Bank & Trust?

Switching is a breeze. We’ve got a painless process to get you moved over quickly. Download our switch kit or drop by one of our branches. Numbers and addresses can be found here. We’re ready to help.