Business

SBA Loans

SBA Loan types

Get a loan tailored to your small business needs. SBA guaranteed loans can greatly benefit small businesses needing capital for expansion, inventory, buildings, equipment, exporting, and other needs. As an SBA Preferred Lender, we streamline the loan process, offering faster approvals and personalized service to help your business thrive. Some of the most successful businesses in the country used SBA guaranteed loans in their infancy. Could you be the next SBA success story?

SBA 7(a) Loan

The most common SBA loan offers flexibility for uses such as real estate, equipment purchase, business acquisition or partner buyout, and working capital.

Up to 100% financing
Up to 25 years, fully amortized
Higher loan amounts
Lower down payments
Longer terms
Loan amounts up to $5 million

SBA 504 Loan

Permanent fixed asset financing for commercial real estate, construction/improvements, and machinery and equipment.

Up to 90% financing
Up to 25 years, fully amortized
Lower fixed rates
Amounts $250,000 to $5 million

SBA Express

With fast approval times and a convenient revolving line of credit, an SBA Express is an option for expansion, working capital, purchasing inventory, and more.

Revolving line of credit
Flexible collateral requirements
Amounts up to $500,000

SBA Export Express

Fast turnaround times and streamlined features for small businesses looking to grow the export side of business.

Revolving line of credit
Standby letters of credit
Flexible collateral requirements
Term loans available for export related costs
Amounts up to $500,000

Simplify the process with an SBA Preferred Lender

As an SBA Preferred Lender, Minnwest Bank offers streamlined approvals, faster processing, and expert guidance to help you navigate the SBA process with ease. Our dedicated SBA specialists are committed to supporting your business every step of the way. Let’s talk about your expansion plans today.

Ready to get started? Our team of SBA specialists is ready to help you every step of the way. From walking through your business plan, to talking through the different SBA loan options, to assisting you with the application process, we're ready to help you succeed.

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Top Minnesota Export Lender

Minnwest Bank is proud to be recognized five times in recent years (2018, 2020, 2021, 2022, and 2023) by the Small Business Administration as the Top Export Lender in the state of Minnesota.

Small businesses that need financing to export their product abroad often find that traditional lenders won't work with them. Minnwest has been able to assist several businesses with various Export Assistance products offered by the SBA. You can count on expert advice and guidance from our experienced team, along with competitive rates and flexible financing terms that fit your business's needs.