Simply Amazing SBA Services - Learn More

Who is eligible for an SBA Loan:

  • Owner-operated
  • Operated for profit
  • Within size standards based on the average gross sales or the number of employees

How can SBA Loan proceeds be used?

  • To purchase commercial real estate
  • To cover new construction as well as expansion or conversion of existing facilities
  • To acquire equipment, machinery, furniture, fixtures, supplies or material
  • For long-term working capital needs (injection of cash)
  • For short-term working capital needs (revolving lines of credit)
  • Purchase of inventory
  • To refinance existing business indebtedness that is not already structured with reasonable terms and conditions
  • To purchase an existing business

What are the interest rates and terms?

The interest rate is dependant on the loan program and the use of the loan proceeds. Heritage Oaks Bank will match your business needs to the appropriate loan program at competitive market rates. Terms vary depending on the loan purpose and the loan product. Terms can range as follows:

  • Up to 25 years for acquisitions or construction of buildings and real estate
  • Up to 10 years for purchases of machinery and equipment
  • Up to 7 years for financing of working capital and inventory
  • Up to 3 years for revolving lines of credit