SBA Loans to Finance Your Frederick
Small Business Dreams
Apply for up to $5 Million for Your Established Business
A Small Business Administration (SBA) Loan gives you the chance to obtain lending with more flexibility than a conventional business loan. SBA loans often mean extended financing terms, lower payments, and better cash flow, as well as less money down and perhaps little or no collateral.
What is an SBA Loan?
An SBA loan is a loan that is partially backed by the Small Business Administration (SBA), a federal agency. Because these loans are guaranteed by the government, we are often able to provide you with easier qualification, extended terms, and lower down payments than a conventional loan.
An FCB SBA Loan may be a Good Fit if:
- Your business is in or near Frederick, MD
- You are a for-profit business
- Do business in the United States
- Have invested equity
- Are considered a Small Business
- Your business is ready to grow and expand
Benefits to Borrowers
- Ability to secure financing on terms and conditions not otherwise available
- Capitalize fees into loan
- Extended term permanent financing
- Maximize cash flow
- Minimum downpayment of 10%
Use an SBA Loan:
To Expand or Acquire
An SBA Loan may be able to help you expand your current business, open additional locations, or for business acquisitions including financing goodwill on extended terms.
For Land & Buildings
You may be able to buy your current location (owner-occupied) or expand to a new building or site. Complete leaseholder improvements on extended financing terms
Buy Inventory & Equipment
Finance equipment or acquire inventory. Great for financing big, infrequent purchases like manufacturing equipment and industry-specific items.
& Debt Refinancing
Finance the everyday operations of your business or refinance your debt with a more attractive loan.
The Local Impact of SBA
Sharon and Charles Riser built The Temple: A Paul Mitchell Partner School with the vision of creating a place for students to learn the latest techniques and skills in salon service. To make this dream a reality, they turned to Frederick County Bank for an SBA loan. Hear their story and how an SBA loan helped them grow their business.
“There are opportunities for just about every bank to do SBA...but you need to have a partner that’s willing to become your person, that can educate you”
- Charles Riser, Co-owner
The Temple: A Paul Mitchell Partner School
Find the Right Program Option
There are several different options within the SBA program and our lenders can help you determine which loan is right for your business.
Here are three of the most common programs:
SBA Express Program
Loans up to $350,000
- Support business operation
- Short-term working capital
SBA 7(a) Program
Loans from $350,000 – $5 million
- Purchase equipment or inventory
- Purchase owner-occupied
commercial real estate
- Finance construction or renovation
- Permanent working capital
- Refinance debt
SBA 504 Program
Loans up to $5.5 Million
- Acquisition of long-term fixed assets
- Purchase equipment or inventory with a useful life of at least 10 years
- Refinance loan-term fixed asset debt*
- Finance working capital
- Reduce energy consumption
- Upgrade to renewable energy resources
Are you a Veteran?
We offer the SBA Veterans Advantage (non-SBA Express Loans) Program. This program has discounted guarantee fee and is for loans up to $350K. Contact a lender for more information.
Connect with a Lender
*All Frederick County Bank loan products are subject to underwriting and credit approval.
Please note: Frederick County Bank's trade area is primarily Frederick County, Maryland.
FCB has worked with Holtmeyer & Monson for 5 years and is excited to continue our relationship with SBA lending. Holtmeyer & Monson has been serving banks and small business borrowers since 1982 and is a Preferred Service Provider of the Independent Community Bankers of America.