Small Business Administration (SBA) Loans

Small Business Financing

It is often said that small businesses are the heart of the American economy. As a community bank, CBTFL is invested in the success of our local economies. Whether you want to start a new business or expand an existing one, you’ll find a true partner in us. And you’ll appreciate the benefits of working with a local SBA lender: fast responses, local decision-making, and regional market expertise.

Make a Small Business Administration (SBA) Loan Work for You

The SBA loan application process begins with a visit to one of our branches in Gainesville, Ocala, The Villages, or elsewhere in north central Florida. As your SBA lender, Community Bank & Trust of Florida will help you create a loan package to submit to the Small Business Administration. After reviewing your application, current business situation, and other relevant criteria, CBTFL makes a decision and sends the loan package to the SBA for its guarantee.

Instead of fixed terms, SBA loans offer flexible down payments, repayment timelines, and interest rates. As your SBA lender, we will collaborate with you on creating optimal loan terms for your business. Should you need expedited financing for equipment or business expansion, we also offer a Business Express Loan Program.

Eligibility for Small Business Loans

The Small Business Administration provides the following guidelines on the qualities eligible businesses must possess:

  • Operate for profit
  • Be small, as defined by SBA
  • Be engaged in, or propose to do business in, the United States or its possessions
  • Have reasonable invested equity
  • Use alternative financial resources, including personal assets, before seeking financial assistance
  • Be able to demonstrate a need for the loan proceeds
  • Use the funds for a sound business purpose
  • Not be delinquent on any existing debt obligations to the U.S. government

Take the Next Step Toward Achieving Your Business Goals

Starting or expanding a business already demands a lot of your time. Let CBTFL help you through the small business financing process. Our quality-driven and personalized service means there is always someone available to answer your questions or help you figure out the right next step for your business. We specialize in delivering a better banking experience, which includes taking the time to get to know you and your business. Let our expertise work for you. Contact us today to learn more about eligibility and requirements for SBA loans.

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