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Focusing on Small Business Lending is not a “movement” for us; it is a passion for us. It is a passion that has been the heart of our business from the beginning. Small business lending and building strong relationships with customers is what has kept our bank on Main Street since 1877. We believe in the community and believe in small businesses.

It's more than just a loan. It's a relationship. It's why we are the Bank of Washington.

Our SBA lending programs offer many solutions that can be proven cost savers for many customers. Contact us today to learn how an SBA Loan could fit into your business strategy.

Small Business Starter Packet Personal Financial Statement Form


SBA Loan Comparisons

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SBA (7a)

SBA 504

SBA Express

SBA Export International Trade

Loan Type Term Note Term Note Term Note or Line of Credit Term Note
Best Used For Purchase land or buildings, expand/renovate/construct buildings, purchase equipment, fixtures, lease hold improvements, inventory, working capital, and refinance of loans used initially for any of the above Purchase long term fixed asset such as commercial real estate or large piece of equipment Purchase land or buildings, expand/renovate/construct buildings, purchase equipment, fixtures, lease hold improvements, inventory, working capital, and refinance of loans used initially for any of the above Working Capital, equipment, facility improvement, & debt refinance related to International Trade or Exporting business activity
Maturity 5-10 years for working capital and equipment, 25 years for real estate 10 or 20 year term 7 years for lines of credit, 5-10 years for working capital and equipment, 25 years for real estate Up to 25 years
Maximum Loan Amount $5 Million SBA loan $5.5 million, no project maximum. $350,000 $5 million
Interest Rate Options Variable or Fixed Fixed Variable or Fixed Variable or Fixed
Collateral Requirements No minimum collateral requirements, commercial real estate must be a minimum of 51% owner occupied. 90% of project value related to property purchased, commercial real estate must be a minimum of 51% owner occupied. No minimum collateral requirements, commercial real estate must be a minimum of 51% owner occupied. No minimum collateral requirements, commercial real estate must be a minimum of 51% owner occupied.

For more information contact:

Larry Cresswell
Vice President
SBA Lending
NMLS 883669

636-221-3700
lcresswell@bankofwashington.com



"We think of it as a partnership."

-L. B. ECKELKAMP JR., CHAIRMAN OF THE BOARD AND CEO