SBA Loans are the creation of the Small Business Administration, a U.S. government agency. This type of loan has been around for years and was created to help small businesses obtain the capital and financing they need to grow into not-so-small businesses.

An SBA Loan is unique in that it is guaranteed by the federal government to participating banks like OFC Capital and its parent MidCountry Bank.

Basic Information

Most For-Profit businesses are eligible for an SBA Loan, including:

• Retailers, wholesalers, manufacturers and service businesses
• Medical Practices, veterinary clinics and other professional firms.
• Franchises, restaurants and hotels
• Start-ups and new ventures

How you can use the funds from the loan:

• Finance new and existing assets
• Refinance existing debt
• Expansion and renovation
• Purchase of building and land
• Working Capital
• Business Acquisition

SBA Loan terms and conditions:

• Interest rates can be fixed or floating
• The loan must be FULLY COLLATERLIZED which means additional collateral may be needed (including a 2nd on a Guarantor's personal home)
• The Loan Maturity and amortization period depend on:
  • Cash Flow of Borrower
  • The useful life of the loan's collateral
  • The Borrower's ability to repay the loan

Use the links below to download the necessary application forms. These forms are in Adobe and Word format and the download will request to open those program. Please contact us if you have any questions.

To get Started:

Download and complete the following forms:

• Intro Letter, Checklist, and Credit Authorization
• SBA Questionnaire
• Affiliate Information
• SBA Application - SBA Form 4
• Schedule of Collateral- SBA Form 4 Exhibit A
• Request for Tax Returns - Form 4506-T
• Personal Financial Statement - SBA Form 413

Want to learn more?

Click here for a quick tutorial

If you have questions, please contact Davis Kirby (678) 722-2871 or Velma Eddy (678)722-2866.