Small Business Administration Loans

Business Start-Up Loan Program SBA Loan Highlights Up to 70% of business start-up costs Up to 10 years, fully amortized No prepayment penalties No packaging fee Click here for SBA loan calculator and to request more information about SBA financing from  Montecito Bank and Trust Qualifying Businesses Manufacturing Wholesaling Services Retailing Construction Special trade construction Loan Type SBA 7(a) loan program can include working capital and equipment purchase, as well as purchase of commercial real estate for your business. Conditions At least 30% of total project costs cash down by borrower and strong business management background. Turn Around Time Pre-qualification of the loan may be given within 24 hours.  An SBA loan decision is normally available within one week of receipt of your completed loan application.  Montecito Bank & Trust is a preferred lender. Preliminary Items Needed to Qualify Business plan Last three years personal tax returns Personal financial statements on all principals Cost breakdown of expenditures Two years cash flow projections