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Small Business Association Loans

small business owner

As an approved lender under the U.S. Small Business Administration (SBA) loan program,
First IC Bank is able to provide quick SBA loan approval on loans that may fall short of conventional financing standards.
SBA loans offer greater flexibility in the structure of a loan with potentially lower equity requirements and longer terms.

SBA Loans are beneficial to:

Start-up company meeting

Business start-ups

Equipment upgrades

Purchase and/or construction of real estate

Purchase a business

Working Capital

Refinancing existing debt as long as it shows at least a 10% improvement in cash flow


Benefits of SBA loan over
conventional financing:

Macaron store

A minimum 10% cash injection required

Terms as high as 25 years

Offer both variable rates and long-term fixed rates

SBA can finance young companies




For complete listing of services, rates, fees, and restrictions, please contact any customer service representative.