SBA  7 (A) Loans feature long-term financing for most business purposes including the purchase of real estate, equipment, business acquisition, working capital, and refinancing. Loans are made by YNB and a portion is guaranteed by the SBA (Small Business Administration).

The SBA  504 Loan provides SBA direct permanent financing for real estate purchases, completed construction or machinery and equipment purchases. The SBA 504 loan features  low fixed-interest rates, long terms and low borrower equity.

Items to discuss with your commercial loan officer would be:

• Terms
• Collateral
• Eligibility
• Goals
• Fees
• Applications

See Ben Cravens  at YNB Main or call them at 354-5281  for more information about Small Business Administration Loans, or go to the SBA website at www.sba.gov.