Global has partnered with the SBA to provide flexible loan options for businesses
Whether you’re starting a new business or expanding an existing business, an SBA loan could meet your needs.
A Commercial Loan Officer can work with you to determine which SBA loan program works best for your business, based on factors like:
Each SBA loan program has different eligibility criteria, but your Commercial Loan Officer can help you determine whether you might qualify.
In general, here are some of the things that affect your eligibility:
That depends on which SBA loan program you apply for, since different programs have different requirements. But in general, you’ll need to provide the following types of information and documentation:
Your Commercial Loan Officer can give you a checklist of everything you need to provide.
The SBA requires that financial institutions use the same collateral requirements on an SBA loan as they would for a conventional business loan that is not backed by the SBA.
SBA backing provides financial institutions with extra security, but it cannot be used as collateral.
No, you don’t have to be a member to apply, but you do need to apply and qualify to become a member to accept the loan. But don’t worry—it’s quick and easy to join Global.
Our business professionals are here to help. Get in touch with a member of our team for a complimentary, no-obligation consultation.
Rates are based off US Treasury Securities or Wall Street Prime Journal, plus points.
NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers this credit union’s compliance with the law is: National Credit Union Association, Office of Consumer Protection, 1775 Duke St., Alexandria, VA 22314.