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Business Loan Rates
Quick link: GET GREEN Loans
Rates are subject to change without notice, and are updated on
this page regularly. If you have any questions about current
rates, please call (831) 425-7708 or visit one of our offices.
Documentation Fee:
Loan Amount up to $100,000: $150
Loan Amount over $100,000: $200
Date: 06/01/2009
| Loan |
Amount |
Term |
Rate |
Fee |
| Business Term Loan |
$5,000 - $500,000 |
1-10 Years |
Prime + 3% to Prime + 6% |
1%-2% or $250, whichever is greater, plus documentation fee and costs |
| New Business Venture Loan |
$10,000 - $500,000 |
1-10 Years |
Prime + 3% to Prime + 6% |
2%, plus documentation fee and costs |
| Commercial Real Estate (max 60%-70% LTV) |
Up to $500,000 |
Up to 25 Years |
Prime + 3% to Prime + 6% |
1%-2%, plus documentation fee and costs |
| Childcare Loan Program |
$1,000 - $15,000 |
1-5 Years |
3% - 9% fixed |
$150, plus costs (no documentation fee) |
| Quick Cash Line of Credit |
$5,000 - $25,000 |
1 Year, renewable annually |
Prime + 3.0% |
1%, plus (documentation fee and costs only) |
| Letter of Credit |
Minimum $5,000; call for Maximum |
1-2 Years |
Prime + 3% to Prime + 6% |
1%-2% or $250, whichever is greater, plus doc fee, costs |
| Business Vehicle Loan |
$5,000 - $250,000 |
1-6 Years |
As low as 6.25% fixed |
$250, plus costs (no documentation fee) |
| Business Equipment Loan (max 80% LTV) |
$5,000 - $250,000 |
2-6 Years |
9.5% - 11.0% fixed |
1% or $250, whichever is greater, plus doc fee, costs |
Government Guaranteed Loans
Date: 06/01/2009
| Loan |
Amount |
Term |
Rate |
Fee |
| Rural Development Guaranty Corporation |
$5,000 to $500,000 lines of credit and term loans |
1-7 Years |
Prime + 2% to Prime + 6% |
3.5-4.5% (2.5% to Guarantor; 1% to SCCCU, 2% on new businesses) plus documentation fee and costs |
| SBA Express Program |
$10,000 to $350,000 |
1-7 Years |
Prime + 2% to Prime + 6% |
2% of guaranty amount on loans up to $150,000; 3% on loans up to $350,000 plus Credit Union fees and costs |
| SBA 7(a) PROGRAM: |
|
|
|
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| SBA 7(a) Working Capital |
$10,000 to $2,000,000 |
Up to 7 Years |
Up to Prime + 4.25% less than 7 Years, up to Prime + 4.75% greater than 7 years |
2.0% of guaranty amount on loans up to $150,000; 3.0% on loans up to $700,000; 3.5% on loans over $700,000 plus packaging fee |
| SBA 7(a) Fixed Assets |
$10,000 to $2,000,000 |
Up to 10 Years |
Up to Prime + 4.75% |
2.0% of guaranty amount on loans up to $150,000; 3.0% on loans up to $700,000; 3.5% on loans over $700,000 plus packaging fee |
| SBA 7(a) Real Estate |
Up to $2,000,000 |
Up to 25 Years |
Up to Prime + 4.75% |
2.0% of guaranty amount on loans up to $150,000; 3.0% on loans up to $700,000; 3.5% on loans over $700,000 plus packaging fee |
|
SBA 504 Loan
For commercial real estate up to $1,300,000, speak with a loan officer
for details.
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GET GREEN Loans
Solar Power Loans
100% financing for installation of solar energy for
commercial property.
| Loan |
Term |
Rate |
APR* |
Amount/LTV+ |
Monthly Payment per $1000 |
| Solar Power Loan |
15 Years |
Prime + 1.5%-2.0% |
Based on Prime |
Up to $200,000 (80% LTV*) |
$18 .76 @ 4.75% for 5 Years |
*APR = Annual Percentage Rate; +LTV = Loan to value
Energy Efficiency Loans
Use an Energy Efficiency Loan up to $10,000 to purchase energy-efficient
appliances; window replacement; water-saving or low-flow sprinkler
systems; drought resistant/ecological landscaping; water heaters
and special water heating reduction appliances/equipment; energy
efficient lighting; energy efficient heating/cooling;insulation;
waste reduction; recycling; and composting.
Date: 06-01-2009
| Loan |
Term |
Rate |
APR* |
Monthly Payment per $1000 |
| Energy Efficiency Loan |
5 Years |
5.75 % to 6.99% |
5.75% to 6.99% |
$19.22 @ 5.75% for 5 Years |
*APR = Annual Percentage Rate
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