We are here to help.


As an SBA Preferred Lender, BNC Bank is ready to help your business grow with Small Business Administration (SBA) loans. Whether you are starting your own business, purchasing equipment, building, renovating or purchasing commercial real estate, we are ready to assist you with the financing your business needs to succeed.


SBA (7a) Loan


Program Highlights
  • Complete financing*
  • Fully amortized loans; no call dates
  • 3 year prepay


Loan Size
  • Up to $5,000,000


Loan Structure
  • 80% - 90% Bank Loan
  • 10% - 20% Down Payment


SBA Guarantee
  • Loans with maturities greater than 12 months; up to 75% guarantee
  • Loans with maturities less than 12 months; up to 75% guarantee


Interest Rates
  • Fixed Variable or Combination
  • Fully Amortized, No Balloon
  • Index: WSJ Prime, 10 Year Treasury Index
  • Maximum rate: Index +2.25% if maturity is < 7 years
  • Maximum rate: Index +2.75% if maturity is 7 years or more
  • For loans: – $25,001 – $50,000 + 1.00% – $25,000 or less + 2.00%


Loan Term
  • Real Estate: up to 25 years
  • R/E improvements: up to 25 years
  • Equipment: up to 15 years
  • Leaseholds: up to 10 years
  • Working Capital: up to 7 years


Loan Proceeds Use
  • Purchase Land & Building
  • Construction, Renovations, or Leasehold improvements
  • Furniture and Fixtures
  • Machinery and Equipment
  • Inventory and Working Capital
  • Refinance Existing Debt


Loan Fees
  • Vary based on loan size, guaranteed portion and qualification
  • See SBA manager for details


Job Creation
  • None


Pre-qualification
  • Pre-qualification service available at no cost to applicant

SBA (504) Loan


Program Highlights

  • Long-term, below-market fixed rates
  • Low down payment conserves working capital
  • Option to finance soft costs
  • Out-of-pocket fees minimized


Use of Funds

  • Buy, build or renovate commercial and industrial real estate
  • Buy and install heavy-duty equipment and machinery
  • Cover related soft costs such as surveys and appraisals


Loan Amount

  • Up to $5,000,000 on SBA's portion
  • Up to $10,000,000 total loan request with bank's portion


Terms

  • Up to 20 years on SBA's portion, depending on use of funds
  • Up to 20 year amortization with 10 year call on bank's portion, depending on use of funds


Interest Rate

  • Call for current rates


Fee

  • Varies based on loan size


Pre-qualification

  • Pre-qualification service available at no cost to applicant