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Government Loan Programs
As a Preferred SBA Lender, Harris can approve your small business loan right away, so you can start building your business. The following programs are available to support your business needs:
SBA 7A
Guaranty program with term loans for financing the purchase of equipment, vehicles or long term working capital up to $2MM.
Guaranty percentages as follows:
| - 85% |
for loans up to $150M |
| - 75% |
from $151M up to $2MM |
| - Maximum Guaranty of $1.5MM |
SBA Express
Guaranty program with term loans and revolving lines of credit for financing the purchase of equipment, vehicles or working capital up to $350M. Guaranty percentages as follows:
| - 50% |
Guaranty |
| - Maximum Guaranty of $175M |
SBA Patriot Express
Guaranty program for eligible members of the military community with term loans
and revolving lines of credit for financing the purchase of equipment, vehicles
or working capital up to $500M. Guaranty percentages as follows:
| - 85% |
for loans up to $150M |
| - 75% |
from $151M up to $500M |
| - Maximum Guaranty of $375M |
For small business customers with borrowing needs of $100M or less:
An SBA Express application
is available right
here  . Simply
print it, fill it out, and mail it to:
Harris
ATTN: Business
Banking Team
P.O. Box 94006
Palatine, IL 60094-9903
For
SBA borrowing needs over $100M:
Harris offers customized SBA loans products designed to fit your needs. Please contact us at 1-888-489-2265 or the closest Harris location
for more details.
SBA 504 Program
Loan participation program for financing of land, commercial property and long-term fixed assets.
Structure is as follows:
| - 50% |
Senior Debt provided by Bank |
| - 40% |
Sub Debt provided by SBA/CDC |
| - 10% |
equity contribution from principals. |
Startups or special purpose facilities are eligible but additional 5% equity is required for each of those categories.
SBA Export Working Capital Program
Guaranty program that provides short-term working capital for exporters.
Guarantee may be up to 90%.
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Checks and Forms
