Whether you are just starting a business, are in need of working capital, looking to purchase commercial real estate, or expanding your operations, we have an SBA program that is right for you.
As an SBA National Preferred Lender (PLP), East West Bank can provide expedited services and faster turnaround time to help your business thrive. We offer all the products and services you expect from a big bank with the high level of personal attention you expect from a local bank. With favorable loan terms such as low down payments, longer maturities, and smaller monthly payments, we will keep your financing smart and efficient.
We offer two major programs of SBA Loans, namely 7(a) and 504. Other programs such as EWCP, Export Express, and SBA Express are also offered. Please contact our specialists for more details.
DESCRIPTION
Provides small to medium-size businesses, established entrepreneurs, and professionals access to non-traditional sources of capital.
BORROWING LIMIT
Up to $5,000,000
TERM
Ranges from 10-25 years, depending on use of proceeds.
RATES
Variable, margin added to the Wall Street Journal Prime.
PURPOSES
Can be used for any recognized business purpose, including:
ELIGIBILITY GUIDELINES
There are maximum size limitations for eligibility for a SBA loan based on your type of business. The following are general guidelines only.
| Manufacturing | Maximum of 500 to 1,500 employees |
|---|---|
| Wholesale | Maximum of 100 employees |
| Services | Maximum of three years’ average gross sales of $3.5 to $14.5 million |
| Retail | Maximum of three years’ average gross sales of $5 to $20 million |
HOW TO APPLY
1. Fill out a standardized application form
2. Provide financial and other documentation
East West Bank provides a simplified package for the process. Our specialists are here to help you with the analysis, packaging, and SBA submission.
To speak with our Small Business Lending specialists in more detail,
please visit a branch location.
Loan products are subject to East West Bank’s application, underwriting, appraisal, and credit approval requirements. All rates, terms, guidelines, and products are subject to change or termination without prior notice. Other limitations and restrictions may apply.
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