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SBA Loans
United Commercial Bank has helped countless entrepreneurs realize such visions through our Small Business Loans services. Our Preferred Lender Program (PLP) status along with our close relationship with the Small Business Administration (SBA) means faster response and turnaround time on your loan applications.
Loans for Diverse Purposes
Startup or existing businesses may use SBA loan proceeds for various purposes:
- Purchase land or buildings (warehouse, hotel and motel, etc.)
- Purchase machinery, equipment and inventory
- Refinance existing debts
- Construct commercial buildings
- Improve fixtures and leaseholds
- Finance receivables and increase working capital
- Buy out businesses
- Provide lines of credit for contractors
- Provide asset-based lending financing
- Provide lines of credit to finance export transactions
Flexible Loan Terms
The length of time for repayment depends upon the use of proceeds and the ability of the business to repay:
- Usually 12 months for lines of credit
- Usually 7 to 10 years for working capital
- Up to 25 years for fixed assets
Fees
Standard fees are set by the Small Business Administration
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For more information about SBA loans, please contact: Wai-Chun Li First Vice President and Manager SBA Lending Group 2295 Huntington Drive San Marino, CA 91108 (626) 584-8272 |
Certain accounts and services may not be available in New York Region's branches. Please contact Branches for details.
For a complete description of our banking products and services including, information concerning rates, fees, balance computation methods, and compounding and crediting of interest, please contact us.