SBA Loans/Small Business Lending
Small Business Lending - Thinking of acquiring a business? Thinking of growing the business you have? Ally offers Small Business Loan Options to help your business grow and succeed.
Ally offers low fee Small Business Loans for:
- Business Expansion/Acquisition
- Leasehold Improvements
- Equipment Purchases
- Working Capital
Maximum Loan Size $500,000.00
Subject to Loan approval.
7(a) SBA Loan Guarantee Program – The 7(a) Loan Guarantee Program is designed to help small entrepreneurs start or expand their businesses. These loans are funded by banks and the federal government guarantees up to 85% of the loan (in certain instances as high as 90%) through the U.S. Small Business Administration, depending on the loan amount.
A major benefit of an SBA loan is that it requires a lower down payment than conventional loans and the repayment terms can be for a longer term than that of a conventional loan, for as long as 25 years.
Ally Community Bank is ready to help your business get the financing you need. To learn how we can help.