Want to build a better business? Our SBA experts will guide you down the path of success! At ConnectOne Bank, we understand & commit to simple, honest lending that helps you build your business.
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SBA loans are small-business loans guaranteed by the SBA and issued by participating lenders, mostly banks. The SBA can guarantee up to 75% of the loan between $150,000 and $5,000,000. The program's maximum loan amount is $5 million.
The benefits of an SBA-guaranteed loan are:
You can apply here.
First, the bank reviews the application. If approved by the bank, the application is submitted to the SBA for the SBA approval. From application submission to disbursement of funds, it can take approximately 30-90 days depending on the complexity of the loan.
A business loan from ConnectOne Bank is solely the bank's risk and subject to our lending guidelines. An SBA loan is a business loan in which the SBA guarantees a portion of that loan. SBA loans are subject to the lending guidelines of both the SBA and ConnectOne Bank.
All loans subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. Certain restrictions apply to refinancing options are subject to program terms. Refinances of existing SBA loans are excluded.
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