Small Business Lending

SBA 7(a) loans up to $5 million

Use of Funds/Terms

  • Fully amortized, assumable
  • Business acquisition-as low as 15% down, up to 10 years
  • Equipment acquisition -up to 100% financing, up to 10 years
  • Permanent working capital-up to 7 years
  • Debt refinancing-7 to 10 years
  • purchase, construction, refinance or improvements (majority of space must be owner-occupied)

SBA Fee

  • SBA guarantee fee can be financed in most circumstances
  • Variable rates

SBA 504 loans up to $9 million

Use of Funds

  • Purchase, construction and renovation of commercial, industrial or retail real estate
  • Can be combined with major equipment purchase
  • Majority of space must be owner-occupied

Loan Structure

  • Up to 65% LTV first mortgage on General Purpose Property-we provide up to $5 million
  • Up to 60% LTV first mortgage on Special Purpose Property
  • 25% to 40% LTV SBA 504 second mortgage-SBA provides up to $4 million
  • 10% minimum down payment

Terms

  • First Mortgage-25 years, fully amortized
  • Fixed and variable rates
  • Second Mortgage-20 years, fully amortized
  • Fixed rate is determined at SBA-guaranteed 504 debenture sale

Fees

  • First Mortgage-competitive fees
  • Second Mortgage-2.65% (on average) plus legal review fee (SBA fee is financed)
  • Additional fees applicable on construction loans

Conventional loans up to $6 million

Use of Funds

  • Purchase or refinance commercial real estate, with cash out permitted

Programs

  • Owner-occupied or investment properties eligible
  • Must be in business a minimum of 3 years

Terms

  • 25-year loan term, fully amortized
  • Up to 75% LTV competitive fee structures
  • Fixed and variable rates

Timing

  • Loan pre-qualification within 24 to 48 hours, with no charge or obligation
  • Funding as fast as 30 to 45 days

For more information contact

Rodney Borges

Senior Vice President, Manager

470 Nevada St. Ste. 108, Auburn, CA 95603

Office: 530.889.8616 ext 670

Cell: 530.277.783

Fax: 530.889.871

rodney.borges@plumasbank.com

 

Robert Porter

Vice President, Business Development Officer

470 Nevada St. Ste. 108, Auburn, CA 95603

Office: 530.889.8616 ext. 6704

Cell: 916.206.9100

Fax: 530.889.8712

robert.porter@plumasbank.com

 

Kelley T. Cheney MBA, MSF

Vice President, Business Development Officer

470 Nevada St. Ste. 108, Auburn, CA 95603

Office: 530.889.8616 ext 6703

Cell: 530.870.1333

Fax: 530.889.8712

kelley.cheney@plumasbank.com