SBA Loan Programs

Ready to Get Started? Find out if You Qualify.

Click the button below and fill out our Quick Qualifier and an SBA Loan specialist will contact you. 

Quick Qualifier

AccessBank Texas offers the experience to work with you and the Small Business Administration (SBA) to secure financing for your small business needs.

SBA Loan Programs

Purpose of Loan: Commercial real estate purchase, expansion, construction, or refinance. Other loan purposes; business acquisitions, start-ups, franchises, furniture, fixtures and equipment, inventory and working capital.

Loan Amount: Up to $5,000,000

Capital Injection: Minimum 10% down payment with the exception of debt refinance loans, which may require no down payment

Loan Term: From 7 years up to 25 years fully amortized

Interest Rate: Floating rate, up to 2.75% above Wall Street Journal prime rate; adjusted quarterly; fixed rate option available

Loan Fees: Up to $2,500 loan packaging fee / SBA guaranty fee determined by the SBA.

Prepayment Penalty: If a loan is for less than 15 years, there is no prepayment penalty.  If a loan is for 15 years or more, the borrower can prepay up to 20%. If more than 20% is paid in the first 12 months a 5% penalty is incurred; 12 – 24 months, 3%; 24 – 36 months, 1%; after 36 months no penalty is incurred.

Collateral: First lien mortgage on business real estate, and UCC filings on machinery and equipment, accounts receivable and inventory

Loan to Value: Up to 90%

Personal Guarantee: Guarantee of all principals who own 20% or more of the business

Debt Service Coverage: Minimum target of 1.20x for past fiscal year or recent interim period for existing businesses.  A start-up or turnaround business will be looked at on a projection basis

SBA Loan Process

Our experienced lending staff is ready to help you through every step of the process. We deliver results.

Step 1: Loan Application

This process starts when you contact your AccessBank Texas loan officer. We discuss your financing needs and assist you in determining the best AccessBank Texas product. We then provide you with the loan application. Please note, we will also be available to provide assistance to you in completing the application.

During the application process we will also ask you to provide additional information and supporting documentation in order to secure your loan. We will ask you to provide us with:

1) Interim financial statements no older than 45 days from application date.

2) Copies of your Business Federal Tax Returns for the last three fiscal years.

3) If your business is a startup, a business plan or projections for the next two years will be required.

4) If you are purchasing real estate or other business assets, we will need a copy of the purchase agreement. If your business is a franchise business, we will need a copy of the Uniform Franchise Offering Circular (UFOC), as well as your signed Franchise Agreement.

5) For the refinance of debt, please provide a copy of the note being refinanced.

6) Depending on the specifics of your loan, your business and your industry, we may require other information as well.

We make the process easy for you. Your loan officer will help you gather the data and answer all your questions.

Step 2: Underwriting

An AccessBank Texas underwriter will process the information from your application, analyze your business and your loan request, and prepare the loan report that goes to the AccessBank Texas Credit Committee. During the underwriting process, our underwriters may need to contact you regarding questions that come up during the loan analysis. The faster you can respond to these requests, the faster your loan will be submitted to Credit Committee for approval.

Step 3: Approval & Commitment

Your loan officer and your underwriter will present your loan request to the AccessBank Texas Credit Committee. Upon approval of your loan, your underwriter will prepare a commitment letter for your review and approval. The commitment letter will provide details about the loan amount, interest rate, collateral required, equity required, as well as other important terms and conditions of the loan.

Your loan officer is available to discuss any aspect of the commitment letter and answer questions you may have. After you have reviewed the letter, you will need to sign and return it, along with the good faith deposit check to AccessBank Texas. Your good faith deposit will be used for loan closing expenses such as the appraisal and environmental reports, loan closing attorney’s fees, credit reports, and lien searches.

Step 4: Loan Closing

Upon receipt of your signed commitment letter and the good faith deposit check, your loan will be assigned to an AccessBank Texas loan packager and closer. Your loan will typically close within 45 days* from receipt of the signed commitment letter. If your loan is an SBA request, your packager will work with you to collect the documents needed for the SBA submission.

The closer will provide you with a checklist of all the items needed to close your loan, and will work with you to collect these items. The closer will also be available to answer any questions you have about the process and the closing checklist requirements. The faster these checklist requirements can be met, the faster the loan can close.

Once we have all of the items on the closing checklist and the items have been successfully reviewed, the loan closing will be scheduled. The closer will contact you with the time and place of the loan closing and discuss any items you may need to bring. Once all loan documents have been signed at the closing table and reviewed by AccessBank Texas, your loan proceeds will be immediately disbursed.

*All timelines are estimated, typical timelines based on past AccessBank Texas transactions. However the actual timeline for your loan will be dependent on several factors, and your loan officer can provide you with the most accurate estimate of the timeline for your loan. 30-45 Day closing is from the date we receive your signed commitment letter.

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