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SBA 7(a) LOANS

With the help of loan programs developed by the United States Small Business Administration (SBA), and the United States Department of Agriculture (USDA), Ocean Capital is devoted to helping small business owners across the country secure financing.

Ocean Capital, the commercial lending division of Home Loan Investment Bank, FSB is a member of the Preferred Lender Program with the SBA. 

SBA's Preferred Lender Program
• SBA’s Preferred Lender Program (PLP) includes many of the nation’s largest lenders who do high volumes of SBA lending.

• Preferred lenders can use a streamlined paperwork process with delegated authority to approve loans, which expedites the loan approval process for small business owners and delegates the final credit decisions to these lenders.

To learn more about the SBA 7(a) program, visit the official SBA website at: sba.gov

USDA Business & Industry (B&I) Loans
The USDA loan program is a government guaranteed program whose mission is to improve, develop and finance business & industry in rural areas of the country. To learn more about the USDA program and rural development, visit the official website at: rurdev.usda.gov
Comparison Chart
Type Purchase of Real Estate, refinances and working capital Eligibility

Max. Loan

Requirements Benefits to Borrowers
SBA 7(a)* Real estate, business acquisitions and working capital. For-profit small business owners seeking long term financing guaranteed by the government.  $5 million  Properties must be
at least 51% owner-occupied and operated. Borrowers must have adequate cash flow to cover debt levels and acceptable credit history.
Long-term financing; Improved cash flow; Fixed maturity; No balloons; No prepayment penalty (under 15 years).
USDA* Purchase of real estate or working capital and business conversions. Investment properties are also eligible. Borrowers located in rural areas seeking business financing.   $5 million Must meet USDA
eligibility criteria for rural business location.
Program is available for properties located in
most towns with populations under
50,000.
Provides loans to rural based businesses unable to secure conventional credit due to location and lack of comparable situations.

At Ocean Capital, we aim to make your business borrowing experience as convenient as possible...use our services below to get started today!


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