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Exchange Bank and Trust Company

SBA Loan Program

The 7(a) Loan

If your project doesn't fit the requirements for conventional financing, and you meet the eligibility requirements, you can use a 7(a) loan to buy real estate, equipment, or inventory for your small business. It may also be used for working capital, to refinance business debt or purchase a small business.


MAX LOAN AMOUNT: $5 million

INTEREST RATE: Generally Wall Street Journal prime+ a reasonable rate capped at 2.75%

TERMS: Loan term varies according to the purpose of the loan, SBA allows up to 25 years for real estate, 10 years for other fixed assets and working capital.

GUARANTEE: 50 to 90%

Example of a 7(a) loan: The customer was the manager of an existing 50 year old business. The owners wanted to sell and the customer used a 7(a) loan to purchase the existing business. 


Meet your revolving capital needs with lines of credit. CAPLines can be used for contract financing, seasonal lines of credit, builders line of credit, or for general working capital lines.

SBA Express Loan

Featuring a simplified process, these loans are delivered by experienced lenders who are authorized to make the credit decision for SBA. These can be term loans or revolving lines of credit.

INTEREST RATE: For loans less than $50,000, Wall Street Journal prime+ 6.5%; for loans of $50,000 and greater, prime+ 4.75%.
TERMS: Loan term varies according to the purpose of the loan, SBA allows up to 25 years for real estate and 10 years for other fixed assets and working capital.
Example of a SBA Express Loan: A new brewery business needed a line of credit for operating expenses. The SBA Express program was utilized to provide them with a line of credit.


504 Certified Development Company (CDC) Loan

If you are purchasing or renovating real estate or buying heavy equipment for your business, ask about the 504 loan. this collaborative loan between the bank and the CDC allow you to get a competitive fixed rate for 10, 20 or 25 years on up to 40% of your loan amount. 

MAX LOAN AMOUNT {UP TO 40% OF THE TOTAL PROJECT): Up to $5 million; $5.5 million for manufacturing or energy public policy projects.
INTEREST RATE: Below market fixed rates for 10, 20 or 25 year terms.
TERMS: 20 or 25 years for real estate or long-term equipment, 10 years for general machinery and equipment.
GUARANTEE: The lender provides a senior loan for 50% of the project cost {with no SBA guarantee); the CDC finances up to 40% in a junior lien position (supported by the SBA guarantee).
SPECIAL CONDITION: A minimum borrower contribution, or down payment, is required, amounts vary by project but are usually 10%.
Example of a 504 Loan: An existing interior design business, who was renting their office space, wanted to build a new office. A 504 Loan was used to acquire real estate and build a new office building.


We are always available by phone. Please call us at 580.336.5531 or 405.742.0202 if you need any assistance!

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