Details
- Financing for businesses that might otherwise have difficulty getting approved
- Competitive rates for a wide range of business needs:
- Commercial real estate purchase
- Construction
- Business acquisition or expansion
- Equipment/inventory purchase
- Working capital
- And more
- Generally lower down payments and extended terms
- Local decision-making
- Attentive, friendly service from start to finish
Learn More
SBA Training Center.
SBA Express Term Loan
SBA Express Term Loans are an expedited version of the SBA 7(a) Loan. To help finance your multiple business needs, we can individually adapt a loan to your goals.
D.L. Evans Bank is recognized as a top SBA lender in the communities that it serves. Our knowledgeable loan officers, dedicated SBA Department, and the ability to service your loan in one of our 36+ branches makes us readily available to meet your needs and to exceed your expectations.
- Purpose
- Working Capital
- Inventory
- Equipment
- Furniture/Fixtures
- Debt Refinance
- Business Acquisition
- Land
- Real Estate
- Tenant Improvements
Multi-purpose business needs can be financed in one loan for ease of processing and repayment.
- Loan Amount
- Interest Rate
- May be fixed or variable, and is based on Wall Street Journal Prime plus a margin
- Payment Terms
- Up to 10 years for non-real estate purposes
- Up to 25 years for real estate
- No balloon payment and lower monthly payments
- Fees
- SBA guaranty fee of 0% of the guaranteed portion of the loan; for loans $350,000 or less. Exceptions may apply.
- For all SBA Express loans to Veteran-owned businesses approved on or after March 27, 2020 the up-front guaranty fee is 0%. Exceptions may apply.
- SBA guaranty, SBA packaging, and other bank costs
- Fees are allowed to be financed in the loan
- Down Payment
- Minimum of 10% for start-up companies and business acquisitions
- Pre-Payment Penalty
- Loans with a repayment term of 15 years or more will have a pre-payment penalty in the first three years (5%-1st year, 3%-2nd year, and 1%-3rd year)
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SBA Express Line of Credit
In growing your business, access to working capital can assist with cash flow and meet your short-term needs such as the purchase of inventory, the payment of accounts payable, and the funding of operating expenses (payroll, rent, etc.).
D.L. Evans Bank is recognized as a top SBA lender in the communities that it serves. Our knowledgeable loan officers, dedicated SBA Department, and the ability to service your loan in one of our 36+ branches makes us readily available to meet your needs and to exceed your expectations.
- Purpose
- Loan Amount
- Interest Rate
- Variable, and is based on Wall Street Journal Prime plus a margin
- Repayment Terms
- Up to 10 years with a 5-year revolving period of interest-only payment and a 5-year, term-out period of principal and interest payments
- Fees
- SBA guaranty fee of 0% of the guaranteed portion of the loan; for loans $350,000 or less. Exceptions may apply.
- For all SBA Express loans to Veteran-owned businesses approved on or after March 27, 2020 the up-front guaranty fee is 0%. Exceptions may apply.
- SBA guaranty, SBA packaging, and other bank costs
- Fees are allowed to be financed in the loan
- Down Payment
- Pre-Payment Penalty
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SBA 7(A) Term Loan
The SBA 7(a) loan is a term loan that offers flexibility and affordability to businesses that are looking to start a business, to purchase equipment, to acquire real estate, or to fund permanent working capital. The SBA 7(a) loan is competitive with other loan products, and it offers longer repayment terms with no balloon payment, a lower down-payment requirement, and comparable interest rates and loan fees.
D.L. Evans Bank is recognized as a top SBA lender in the communities that it serves. Our knowledgeable loan officers, dedicated SBA Department, and the ability to service your loan in one of our 36+ branches makes us readily available to meet your needs and to exceed your expectations.
- Purpose
- Working Capital
- Inventory
- Equipment
- Furniture/Fixtures
- Debt Refinance
- Business Acquisition
- Land
- Real Estate
- Tenant Improvements
Multi-purpose business needs can be financed in one loan for ease of processing and repayment.
- Loan Amount
- Interest Rate
- May be fixed or variable, and is based on the Wall Street Journal Prime plus margin
- Repayment Terms
- Up to 10 years for non-real estate purposes
- Up to 25 years for real estate
- No balloon payment and lower monthly payments
- Fees
- SBA guaranty fee of 0% of the guaranteed portion of the loan; for loans $350,000 or less. Exceptions may apply.
- SBA guaranty, SBA packaging,and other bank costs
- Fees are allowed to be financed in the loan
- Down Payment
- Minimum of 10% for start up companies and for business acquisitions
- Pre-Payment Penalty
- Loans with repayment term of 15 years or more will have a pre-payment penalty in the first three years (5%-1st year, 3%-2nd year, and 1%-3rd year)
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SBA 504 Loan
If your business is looking to expand by acquiring long-term fixed assets such as commercial real estate or equipment, D.L. Evans Bank offers SBA 504 loans to meet your needs. To complete the SBA 504 loan, the bank will partner with a certified development company (CDC), which represents the SBA. The bank finances up to 50% of the project, the CDC finances up to 40% of the project, and the Borrower provides the remaining portion of the project.
D.L. Evans Bank is recognized as a top SBA lender in the communities that it serves. Our knowledgeable loan officers, dedicated SBA Department, and the ability to service your loan in one of our 35+ branches makes us readily available to meet your needs and to exceed your expectations.
- Purpose
- Equipment
- Land
- Construction of Real Estate
- Purchase of Real Estate
- Loan Amount
- Interest Rate
- The Bank's interest rate may be fixed or variable
- The CDC's interest rate is fixed
- Repayment Terms
- The Bank's term is up to 10 years, but may be amortized over 20 years for lower monthly payments
- The CDC's term is up to 10 years for equipment and up to 25 years for real estate, with no balloon payment
- Fees
- Third Party Lender Participation Fee
- CDC Processing Fee
- Other Bank Costs
- Fees are allowed to be financed in the loan
- Down Payment
- Minimum of 10% with an additional 5% for start-up companies and 5% for special-use properties
- Pre-Payment Penalty
- The Bank's pre-payment penalty may be up to 10 years
- The CDC's pre-payment penalty is 10 years
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SBA Resources
Whether you are starting a business or growing an existing one, there are many resources that are available to assist you. Visit any of the following websites to learn more about upcoming workshops and events, and to find other helpful information to make you and your business a success.
D.L. Evans Bank is recognized as a top SBA lender in the communities that it serves. Our knowledgeable loan officers, dedicated SBA Department, and the ability to service your loan in one of our 35+ branches makes us readily available to meet your needs and to exceed your expectations.
Small Business Resources:
Veteran-Owned Business Resources:
Women-Owned Business Resources:
- SBA Women's Contracting Program: sba.gov/wosb
- ChallengeHER - Opportunities For Women In Federal Contracting: wipp.org
Minority-Owned Business Resources:
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The smart solution for your smart growth.
