Bank of Hope is one of the nation’s top SBA lending banks providing SBA 7(a), SBA 504 and SBA Express loans to help your business move forward.
Top Products ; Build equity with real estate term loans ; Improve cash flow for your daily operations ; More options than your traditional loans
SBA 7(a) Loan · An SBA 7(a) loan is the most basic and most used type loan of the Small Business Administration’s (SBA) business loan programs, which includes financial help for businesses with special requirements. Use · Business property purchase · Leasehold improvements · Refinance of existing business debt · Business acquisition · Equipment purchase · Term · 25 years – business property purchase or refinance of eligible business property. 10 years – business acquisition, equipment purchase, refinance of eligible business debt ...
Small Business Loans and Lines of Credit ; Whether you're managing your business' growth, buying a business or even starting a business, chances are you’ll need financing—small business loans or business lines of credit. ; For small business lending, an SBA loan from Fifth Third Bank can make all the difference. ; Backed by the Small Business Administration, SBA loans 1 and lines of credit1 offer more flexible borrowing amounts and repayment options, which may mean lower monthly payments for you. ; And because there are different types of SBA loans, you can find the right loan for your needs, from working capital to equipment financing to commercial real estate—and everything in between.
Easy Qualification ; Fast Approval* ; Simple Process ; Variable Interest Rates
Key takeaways ; SBA loans are competitive and have a long application process, but are affordable with set maximum interest rates ; Conventional loans are available from banks, credit unions and online lenders ; You can find SBA loans from various lenders, including larger financial institutions and online lenders
Uses: equipment, supplies, furniture, renovations, inventory, acquiring or starting a business, working capital, land or refinance existing debt ; Uses: working capital, furniture, supplies, or equipment ; CDC/504 Loan
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Ability to Expand Operations ; Increase in Working Capital ; Ability to Purchase Inventory/Equipment ; Tax-deductible Interest Payments
Official websites use .gov A .gov website belongs to an official government organization in the United States. ; Secure .gov websites use HTTPS A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.