SBA Products

SBA-qualifying standards are more flexible than other types of loans, but have to be supported with more detailed documentation. Whether starting a new business, buying an existing company or expanding your current operation, SBA loans make sense by providing longer loan terms and lower equity requirements than conventional loans. Ridgestone Bank has a dedicated team of experienced SBA Specialists who can make the process smooth and efficient.

7(a) Loan Guaranty Program

One of the SBA's primary loan programs, 7(a) offers loans of up to $2,000,000.

7a loans can be used to provide financing for the following uses:

Provide small businesses with working capital
Purchase real estate
Purchase of furniture and fixtures
Purchase of machinery and equipment
Leasehold improvements
Purchase of additional inventory
Facilitate a change of ownership
Refinance of existing debt

504 Loan Program

Certified Development Companies partner with the Bank to provide long-term, fixed-rate financing to small businesses to acquire real estate or machinery or equipment for expansion or modernization. Typically a 504 project includes a loan secured from a bank with a senior lien, a loan secured from a CDC (funded by a 100 percent SBA-guaranteed debenture) with a junior lien covering up to 40 percent of the total cost, and a contribution of at least 10 percent equity from the borrower.

SBA CAP Lines Program

This specialized program helps small businesses meet their short-term and cyclical needs for working capital financing. This Asset Based credit line program is for businesses requiring up to $1,000,000 in working capital line borrowings.

Equal Housing Lender