SBA Term Loans
The Business Development Company is approved to provide SBA Term Loans which carry a guaranty by the U.S. government in an amount that ranges from 50% to 75% of the loan amount. The SBA guaranty partially mitigates our risk of loss and interest rate pricing and fees are competitive.
Provided we have the required information, our underwriting process is responsive and efficient. We have standard legal documents which are straightforward and reasonable.
If you are seeking an SBA Term Loan for your business in Rhode Island, or nearby Connecticut or Massachusetts, please contact us for details.