How would you like your U.S. Small Business Administration (SBA) loan to be approved
in half the time it typically takes at some other banks?
That's what you'll get with Bank of American Fork. As a designated preferred SBA
lender, we have the authority to get you an answer much faster than many other banks can.
And because we have a local loan committee, your loan will be considered by people
who know you and the local economy, instead of having it sent off to a faraway city.
SBA loans may allow you to own your office building for a lower monthly payment
than your lease, purchase that large piece of new equipment or build inventory to
help your business grow using one of the following types of SBA loans:*
- 7(a) Term Loan —Qualify for up to $5 million to fund equipment,
real estate, inventory and working capital, and up to $350,000 in revolving lines
of credit to fund ongoing operations. For more information, visit the
- 504 Loan — This SBA loan is used to fund fixed assets, including
large equipment and new facilities, with a cost of up to $12.5 million. Down payments
range from 10% to 20%. Terms extend to 20 years and interest rates are typically
below market rates. For more information, visit the
Less upfront cash, competitive interest rates, flexible repayment terms and knowledgeable
lenders that make loan decisions locally will allow you to focus on what's really
important: growing your business.
Call 800-815-BANK (2265),
Contact a business banker or
visit a branch to explore your SBA options today.
* Subject to credit approval