Commercial Banking –

SBA Loans

Contact a SBA
Loan Officer

Paul Long

Paul Long | Email | Call
SBA Lending Manager/Team Leader

Sunwan Shon

Sunwan Shon | Email | Call
SBA Sales Manager

Longer terms. Less money down.

Your business may qualify for financing more easily and receive more flexible terms through the US Small Business Administration (SBA) lending, which can help preserve your working capital for other expenses. SBA loans are federally guaranteed loans that allow local Credit Unions, like Gesa Credit Union to offer loans and lines of credit with longer year terms (lower monthly payments) for less money down.  

 

Gesa Credit Union is proud to be a PLP Lender (Preferred Lending Provider) with the SBA.  PLP lenders can offer the full range of SBA loan products, and have the authority to make final credit decisions, which simplifies and speeds up the loan approval process for everyone involved.

Ways SBA Loans can help your business
  • Purchase or Construct Commercial Real Estate for your business
  • Purchase Equipment and Vehicles for your business
  • Provide critical working capital for your business. 
  • Start a new business
Which SBA Loan product is right for you?

SBA 7(a) and SBA 7a Small Loan

The 7(a) Loan Program, SBA’s most common loan program, includes financial help for small businesses with special requirements.

  • Purchase or Construct Commercial Real Estate
  • Acquire a business
  • Short and long-term working capital
  • Refinance current business debt
  • Purchase furniture, fixtures, and supplies

What is the SBA 7(a) program

Express Lines of Credit

The SBA Express Line of Credit can provide critically needed working capital or funds for inventory for your business.

  • Easy Application Process
  • Accelerated approval and flexible repayment terms
  • Longer terms and lower down payment requirements than commercial loans.
  • Line amounts up to $500,000
  • Built in term out period
  • No SBA fee if under $350,000
  • Are you a Veteran or a Spouse of a Veteran? For all SBA Express loans/lines made to Veteran-owned small businesses, the upfront guaranty fee is waived!

SBA 504

The SBA 504 loan program is a great choice for owner-operated, for-profit businesses.

  • Up to 90% financing for the purchase of commercial real estate or large Machinery and equipment
  • SBA 504 loans feature fixed rates available at 10, 20 and 25 years on the SBA part of the loan.

What is the SBA 504 program

SBA CapLine

The SBA CAPLines program is meant to give small businesses access to lines of credit, both revolving and fixed for short term as well as seasonal needs. Line amounts from $500,000 up to $5 Million. Most CAPLine loans must be fully collateralized by borrower assets.

  • Seasonal CAPLines – Meant to help you fund cyclical increases in things like inventory, accounts receivable, and labor costs. These loans are not intended to help cash flow during the off-season of the business in question
  • Contract CAPLines – A loan to help you acquire a specific contract, purchase order, or subcontract
  • Builder’s CAPLines – For funding the construction or renovation of commercial or residential buildings meant for resale
  • Working Capital CAPLines – Get funds to cover short-term working capital.
Additional Resources to help your business.

The Washington Small Business Development Center provides no-cost confidential consulting and low-cost training in proven management fundamentals helping small business owners and potential entrepreneurs make sound decisions for the successful operation of their business. The offices are staffed by Certified Business Advisors (CBA) who assist with business plans, proposals, etc.

Are you a Startup business? – SCORE, the nation’s largest network of volunteer, expert business mentors, is dedicated to helping small businesses get off the ground, grow and achieve their goals at no-cost.

All loans subject to approval.

All loans subject to approval.

People helping people.

Gesa credit union is committed to making a positive impact in the communities we serve.

Affinity debit cards give back to your community when you swipe.

We give a hoot about your business.

Gesa has the accounts, products, and services to help you and your small business succeed.

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Business Visa:
A low-rate card made for business owners.

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Banking made for you.

With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.

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Up to 5.00% APY
On select checking accounts!

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