Small Business Association (SBA) Lending
Find Funding for Your Business DreamsWith Small Business Association (SBA) Lending
Mission Valley Bank was awarded Preferred Lender Program (PLP) status by the U. S. Small Business Administration in 2007. Under this program, the SBA streamlines the procedures for SBA banks by giving them the authority to make the final credit decision. While the Small Business Administration does not loan money directly, when you apply for an SBA-backed loan, you are basically asking the SBA to provide a guarantee that you will repay. Unfortunately, with non-preferred SBA approved banks the loan process can take up to four weeks because they have to send their loans directly to the SBA for approval.
It’s important to realize not all lenders are nominated to receive this lending designation. It is only open to lenders based on a proven track record of successfully processing and servicing SBA-guaranteed loans.
Mission Valley Bank is dedicated to finding the right solutions to meet our clients financing needs. As a Preferred SBA Lender (since 2007) we can help you determine if SBA financing is the right fit for you and your business -- or if another form of financing may better suit your needs. With a variety of financing options, if you are looking to purchase or renovate commercial real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital or — in some cases, even fund the acquisition of a new business, an SBA Loan may be the perfect move to assist with the growth and success of your company.
Small Business Administration (SBA) loans provide businesses with government-funded opportunities to expand and grow. Lower down payments and extended financing terms are available for business modernization, equipment upgrades, working capital, real estate acquisition and expansion. Give us a call and we'll explain all the details and requirements.
- Lower down payments.
- Extended financing terms available.
- Prompt decisions.
As an SBA Preferred Lender, Mission Valley Bank knows how to make your SBA Loan experience less complicated. Give us a call at (877) 394-2306 to learn more today, answer a few quick questions about what you're looking for and one of our experienced business lenders will call you back to discuss your needs.
A little bit about the U.S. Small Business Administration (SBA) -- the U. S. SBA is an independent agency of the federal government that aids, assists and protects the interests of small business concerns, preserves free competitive enterprise and strengthens the overall national economy. Small businesses are critical to our country's economic strength and help the United States compete in today's global marketplace. The SBA helps Americans start, build and grow businesses through an extensive network of field offices and partnerships with public and private organizations. Visit the SBA website at www.sba.gov to learn more