SBA Lending

Hastings City Bank is ready to help your business grow with Small Business Administration (SBA) loans. Whether you are starting your own business, purchasing equipment, building, renovating, or purchasing commercial real estate, we are ready to assist you with the financing your business needs to succeed. Click the buttons below for more information on available SBA loan programs.

SBA 7(a) Loan Program SBA 504 Loan Program

Meet Our SBA Team

Linda Engle

Assistant Vice President, Business Development Officer

Branches Served: Marshall, Bellevue, Nashville & Surrounding Areas

Tim Kelly

Assistant Vice President, Commercial Loan Officer

Branches Served: Hastings, Middleville, Wayland & Surrounding Areas

Scott Young

Commercial Loan Officer

Branches Served: Caledonia, Middleville, Wayland & Surrounding Areas

Rob Ranes

Senior Vice President, Lending

Branches Served: Hastings, Middleville, Bellevue, Nashville, Caledonia, Wayland, Marshall

SBA (7a) LOAN PROGRAM SBA 504 LOAN PROGRAM
Loan Structure
  • 80% – 90% Bank Loan
  • 10% – 20% Down Payment
  • 50% Bank Loan
  • 30% – 40% SBA Loan
  • 10% – 20% Down Payment
SBA Guarantee
  • Loans with maturities greater than 12 months; up to 75% guarantee
  • Loans with maturities less than 12 months; up to 75% guarantee
  • 0% Bank Loan
  • 100% SBA Loan
Interest Rates
  • Fixed, Variable or Combination
  • Fully Amortized – No Balloon
  • Fixed or Variable on Bank Loan
  • Fixed on the SBA Loan
  • Rate negotiated on Bank Loan Rates on SBA portion are set monthly at the time of funding
Loan Term
  • Real Estate — up to 25 years
  • Real Estate improvements — up to 25 years
  • Equipment — up to 15 years
  • Leaseholds — up to 10 years
  • Working Capital — up to 7 years
SBA Loan:

  • Real Estate – 20 years
  • Equipment – 10 years

Bank Loan:

  • Real Estate – 10 years
  • Equipment – 7 years
Loan Proceeds Use
  • Purchase Land & Building
  • Construction, Renovations, or Leasehold improvements
  • Furniture and Fixtures
  • Machinery and Equipment
  • Inventory and Working Capital
  • Purchase Existing Building
  • Land Acquisition and Construction
  • Expansion of Existing Building
  • Building Improvements
  • Equipment (no rolling stock)

For more information about how Hastings City Bank can help you with your business financing needs, contact us today.