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SBA Loans
Unlock your Business Potential with a SBA 7(A) Loan1
Special introductory interest rate of Prime + 0.00 (8.33% APR2) for the first 6 months and then Prime + 2.00%
SBA 7(a) Loans offer flexibility for those starting, acquiring, or growing their existing small business.
Use your SBA 7(a) for:
- Working capital
- Equipment financing
- Refinance existing debit
- Loan amounts up to $5,000,000
- Terms of up to 10 years
Visit with a Century Bank Relationship Manager today for details and terms and conditions!
You can also stop by and visit with a branch manager.
*All loans subject to credit approval.
1. This is not an offer of credit; all loan applications are subject to credit approval. New loans only. Excludes refinancing of existing Century Bank loans, real estate loans, and SBA 504 loans. Other restrictions may apply. Standard loan fees apply. Promotional rate is available for applications that are submitted from 11/8/2024 through 3/31/2025. Rates subject
to change without notice. All SBA 7 (a) loans must comply with all SBA eligibility and collateral requirements. 2. For example, for a loan of $100,000, a SBA Packaging fee of $2,500, and other fees of 0.50% of the borrowed amount totaling $500.00, the rate for the first 6 months would be Wall Street Journal (WSJ) Prime Rate of 7.75% as of 11/8/2024, the Annual Percentage Rate would be 8.33%. After the first 6 months, if Prime Rate stayed the same, the APR would be 10.36% calculated at Prime + 2.00%. Prime Rate is variable, pricing may be adjusted daily.
to change without notice. All SBA 7 (a) loans must comply with all SBA eligibility and collateral requirements. 2. For example, for a loan of $100,000, a SBA Packaging fee of $2,500, and other fees of 0.50% of the borrowed amount totaling $500.00, the rate for the first 6 months would be Wall Street Journal (WSJ) Prime Rate of 7.75% as of 11/8/2024, the Annual Percentage Rate would be 8.33%. After the first 6 months, if Prime Rate stayed the same, the APR would be 10.36% calculated at Prime + 2.00%. Prime Rate is variable, pricing may be adjusted daily.
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