SBA Loans

Discovery Bank has been designated a “Preferred Lender” by the U.S. Small Business Administration (SBA), enabling us to fund SBA loans on a fast-track basis.  The SBA lending products offered by Discovery Bank are dedicated to helping start-up and small businesses grow and succeed.  To determine whether an SBA loan is right for your business, contact Discovery Bank at 888-759-2128 or email SBAloans@discovery-bank.com.

Discovery Bank is proud to offer the following SBA lending services:

SBA 504 Real Estate Loan
The 504 loan program was created by the U.S. Small Business Administration to offer attractive financing options for projects involving owner-user real estate or equipment acquisitions.  Under this program, the Bank funds the 1st trust deed, covering up to 50% of the costs, and an SBA-licensed agency called a certified development company (CDC), takes a 2nd position loan, covering up to 40% of the costs, at extremely favorable rates and terms.  A minimum 10% contribution is required by the borrower.

SBA 7(a) Term Loan
The SBA 7(a) loan program was established to give borrowers more flexible options for a variety of business needs.  The U.S. Small Business Administration guarantees a percentage of the loan for the lender, and as a result, banks can give preferable terms.  It’s important to understand that SBA only provides a guaranty; each loan is funded and serviced by Discovery Bank, and your relationship will always exist with Discovery Bank as long as the loan is in place.