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Sometimes, traditional business loans aren’t an option. Enter SBA loans. Backed by the Small Business Administration, SBA loans may be able to help. This government-backed option makes it more likely for businesses with little collateral to receive funding.
One of the top-producing credit unions in the SBA’s Seattle District (which includes Washington state and North Idaho), Numerica looks to help small businesses drive growth and create local jobs.
Start the conversation by reaching out to our team, or fill out the form below.
An SBA loan is a type of business loan that is guaranteed by the U.S. Small Business Administration. This may make the loan more affordable or accessible than traditional types of loans. To offer the loan, a financial institution like Numerica must be approved by the SBA.
A variety of purposes, including starting or expanding a business, working capital, real estate, and other large purchases. Reach out to us to see if a Numerica SBA Loan is a good match for your needs.
All loans subject to approval. Additional terms and conditions may apply. Rates, terms, and conditions are subject to change.
Government loans between $100,000 and $5,000,000 can be used to start, expand, or purchase an existing business.
Typical structure with the Small Business Administration providing 40% of the total project costs, Numerica covering up to 50% of the total project costs, and the borrower contributing 10% of the project costs. This loan can't be used for working capital or inventory, consolidating or repaying debt, or refinancing (except for projects with an expansion component or that meet the temporary refinancing provisions of the Small Business Jobs Act of 2010).