Community Bank of Pickens County truly understands the challenges facing small business owners which is why we actively participate in loan guarantee programs offered by the U.S. Small Business Administration (SBA) and Department od Agriculture (USDA). Government guaranteed loans are excellent tools to provide small businesses with the necessary capital for growth by providing flexible financing options to meet the unique needs of each business.
- Business & Industry (B & I)
- Farm Service Administration (FSA)
- Community Facilities (CF)
SBA & USDA loans are specifically designed for small businesses, are guaranteed by the government, and have numerous advantages when compared to conventional bank financing.
- Lower down payment requirements
- Loan amounts up to $5,000,000
- Longer repayment terms of up to 30 years
- Less restrictive collateral requirements for businesses with good cash flow but have a collateral deficiency
- Loan proceeds can be used to purchase owner-occupied commercial real estate, equipment, inventory, refinancing debt, working capital or acquiring an existing business
- No balloon payments
- SBA loans can be structured so the small business has one loan payment when there are multiple needs
Community Bank’s commitment to small business means we will support you at every stage of the process by providing personal service, flexible financing options to meet the unique needs of your business, and a streamlined loan process from application to closing.
We will help you figure out what option will best suit your business. Contact any of our lenders for more information about these programs.
Community Bank of Pickens County is proud to be one of the largest SBA lenders in the State of Georgia!