United Citizens Bank & Trust understands the importance of small businesses to our local communities. Therefore, we are pleased to offer a wide array of loan products for both new and established business owners. Our interest rates, both fixed and adjustable, are very competitiveand offer the flexibility you are looking for. Most importantly, we offer you the individualized service you expect from a lender.
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SMALL BUSINESS ADMINISTRATION GUARANTEED LOANS
United Citizens Bank & Trust is proud to be an SBA approved lender. Resources and programs targeted for small businesses provide an advantage-a leg up-necessary to help small businesses effectively compete in the marketplace and strengthen the local economy. SBA guaranteed loans are available for starting and/or growing an existing business with loan amounts up to $2 million. Special emphasis programs are available for women, veterans, Native Americans and socially and economically disadvantaged citizens.
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UNITED CITIZENS BANK & TRUST SBA PROGRAM-"BEST KEPT SECRET IN AMERICA"
The United Citizens Bank & Trust SBA 504 program allows a small business owner to purchase a long term fixed asset (for example: land, buildings and/or machinery) to be 51% or greater occupied by the business with as little as 10% down. United Citizens Bank & Trust will lend 50% and the SBA will lend 40% at a low fixed rate of interest for up to 20 years. The maximum SBA 504 loan is $1.5 million. Therefore, you could be looking at a transaction as high as $3.75 million. The borrower enjoys long term, fixed rate financing, and the interest rates are very competitive. Long term purchases of machinery and equipment can also be included.
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