SBA LOAN TYPES

• Celsus experts are former bankers with decades of experience in credit underwriting and expert knowledge of SBA loans
• Each lender has a different credit criteria and appetite. Celsus will place your loan request with the most suitable lender based on your needs and project.
• Celsus will help you at every step of the way from initial feasibility to final closing

 Eligible businesses must:

• Operate for profit
• Be engaged in, or propose to do business in, the U.S. or its territories
• Have reasonable owner equity to invest; up to100% financing available 

• Interest rate: For SBA 7a: Variable Prime Rate + max 3% -  For SBA 504: Fixed Rate Loan with rate  set when debenture is sold 
• Term: 10-25 years depending on the type of financing
• Prepayment penalty: None for 10-year loans. For 25 year term, declining 5-3-1% if fully prepaid  in years 1, 2 and 3 respectively if fully repaid.
• Collateral: Business assets until 100% coverage; available personal assets will be added if below 100% of loan amount. No declines for less than 100% collateral.

  SBA 7A

• Purchase of land or buildings, new construction, expansion or conversion of existing facilities
• Purchase of equipment, machinery, FF&E or inventory
• Long-term working capital
• Refinancing existing business indebtedness 

SBA 504

• Purchase of commercial real estate, 
• Expansion of existing operations
• Purchase of machinery or equipment 

Visit our Food Supply Chain Loan Program with loan terms up to 30 years