SBA Loans

You have big plans for your small business

That’s where Monterra Credit Union can help. We’re a preferred lender designated by the U.S. Small Business Administration.

Work with a trusted lender

Choose from SBA 7(a) and 504 Loans

Use for multiple business purposes

Available to for-profit companies

We offer SBA 7(a) and 504 Loans to California business owners in The City of Palo Alto, San Mateo County and parts of San Francisco.

SBA 7(a) Loans	SBA 504 Loans
Usage
Flexible uses debt refinancing, equipment and real estate purchases, acquisitions, and more	Funds available for fixed assets, including property and machinery; cannot be used for certain expenses such as debt consolidation or refinancing, rental real estate, working capital or inventory expenses, etc.
Amount
With loan amounts between $50,000 and $5,000,000, you can find the right financing for your business.	Finance up to 90% of your project’s value
Terms
Terms range from 7 to 25 years depending on how the loan is used	Loan terms of 10 to 25 years (fully amortizing)
Restrictions
Available to for-profit companies only	Available to for-profit companies only
Qualification
Your business must qualify as a small business by SBA definition, demonstrate a need for the loan, and cannot be delinquent in other government debt	Your business’ net worth must be below $15 million to qualify
Income Restrictions
Your net income must be under $5 million (after taxes and not counting carry-over losses), and your tangible net worth must be less than $15 million	For two years before the loan application, your business must have less than $5 million as an average net income (after federal taxes)

SBA 7(a) Loans
Usage
Flexible uses debt refinancing, equipment and real estate purchases, acquisitions, and more
Amount
With loan amounts between $50,000 and $5,000,000, you can find the right financing for your business.
Terms
Terms range from 7 to 25 years depending on how the loan is used
Restrictions
Available to for-profit companies only
Qualification
Your business must qualify as a small business by SBA definition, demonstrate a need for the loan, and cannot be delinquent in other government debt
Income Restrictions
Your net income must be under $5 million (after taxes and not counting carry-over losses), and your tangible net worth must be less than $15 million

SBA 504 Loans
Usage
Funds available for fixed assets, including property and machinery; cannot be used for certain expenses such as debt consolidation or refinancing, rental real estate, working capital or inventory expenses, etc.
Amount
Finance up to 90% of your project’s value
Terms
Loan terms of 10 to 25 years (fully amortizing)
Restrictions
Available to for-profit companies only
Qualification
Your business’ net worth must be below $15 million to qualify
Income Restrictions
For two years before the loan application, your business must have less than $5 million as an average net income (after federal taxes)

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