United Pacific Bank's SBA Lending group is comprised of experienced bankers who are responsive and open-minded to the various credit needs of our clients. As an SBA Preferred Lender (PLP), UPB offers the full range of SBA loan products with expedited services and faster turnaround time - providing our clients with the tools to help their business thrive.

SBA Loans could be used for a variety of needs, including:

  • Acquire business real estate

  • Consolidate debt

  • Debt Refinancing

  • Equipment purchases or refinancing

  • Expand existing business

  • Other business needs specific to your field

  • Purchase an existing business

  • Tenant Improvement

  • Working capital

Here at UPB, we offer two major SBA loan programs, 7(a) and 504.

The table below shows the SBA Loan Programs that we offer and provides a general guideline of the program and its eligibilities.

 Features

SBA 7(a) Loan Program

SBA 504 Loan Program

Descriptions

  • Designed for businesses to acquire financing at reasonable terms where they otherwise are not available.

  • Predominantly for acquisition of real estate and heavy equipment

Borrowing Limit

  • Up to $5,000,000

  • Program itself does not have a limit; however, subject to bank's legal lending limit.

Structure

  • SBA Guarantees up to 85% for loans up to $150,000.

  • SBA Guarantees up to 75% for loans over $150,000.

  • Up to 50% financing from United Pacific Bank for 1st Trust Deed.

  • Up to 40% financing from SBA 504 Loan for 2nd Trust Deed.

  • Minimum of 10% down payment from borrower.

Terms

  • Up to 25 Years depending on the use of proceeds.

  • Bank portion can be amortized up to 25 years with 10 year maturity.

  • SBA portion can be amortized up to 20 years with 20 year maturity.

Rates

  • Fixed or variable rate, fully amortized.

  • Based on Wall Street Journal Prime Rate plus a margin.

  • Rate is based on 5 or 10 year U.S. Treasury.

Eligibility

 

  • Operate for profit.

  • Be small, as defined by SBA.

  • Demonstrate a need for desired credit.

  • Not delinquent on any existing debt to the U.S. Government.

  • Be an eligible type of business.

  • Be located in the U.S. or its territories and possessions.

  • Meet credit elsewhere test.

  • Owner citizenship or lawful Non-U.S. Citizen.

  • Operate for profit
  • Be small, as defined by SBA.
  • Demonstrate a need for desired credit.
  • Not delinquent on any existing debt to the U.S. Government.
  • Be an eligible type of business.
  • Be located in the U.S. or its territories and possessions.
  • Meet credit elsewhere test.
  • Owner citizenship or lawful Non-U.S. Citizen
  • Your business must create or retain one job for every $65,000 provided by SBA or $100,000 for small manufacturing.