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SBA & USDA Business Loans

The Power to Do More

Small businesses make a big impact on our families, our communities and our economy.

Keeping them strong and helping them grow is our goal. That’s why mBank offers government-backed loans through the Small Business Administration (SBA), U.S. Department of Agriculture (USDA) and other government loan programs.

For qualified businesses, SBA and USDA loans may be used to secure financing for working capital, equipment, acquisitions, expansions, real estate and improvements, among other specific purposes — all key activities to drive business growth.

These loans are structured with fixed or variable interest rates and — different from conventional loans — offer lower down payments, longer loan amortization and great flexibility in loan structure/conditions.

As one of the top lenders in the Great Lakes Region, mBank provides your business with greater access to capital through our affiliation with the SBA and USDA loan programs. Our expert team will guide you through the entire process.


Loan Types

SBA 7(a)
Provides loans up to $5 million for long- and short-term working capital, revolving funds, equipment and real estate purchases, refinancing of existing debt and business acquisition or expansion.

SBA Express
A streamlined SBA 7(a) loan program, available to qualified applicants for loans up to $350,000.

SBA CAPLines
Revolving lines of credit up to $5 million. Designed to help small businesses meet their short-term and cyclical working capital needs.

SBA 504
Financing for real estate acquisition and/or improvements and large equipment investments and debt refinance/restructure for eligible businesses up to $5 million.

USDA Business & Industry (B&I)
For businesses in eligible areas, provides loans for business modernization, real estate, improvements, equipment and debt refinancing.



SBA Recognition*

  • Business Development Lender of the Year
  • Community Bank Lender of the Year
  • Community Development Lender of the Year
  • Michigan Top 10 Lender



FAQs

How does your SBA Preferred Lenders Program status benefit me?

As an SBA Preferred Lender, mBank can move through the application process more efficiently, providing our customers with faster approval decisions.

After my loan closes, do I still work with my mBank loan officer?

Yes, your mBank loan officer will work with you through the entire loan process and continue to be your representative.

How does an SBA loan differ from a traditional loan?

An SBA loan offers more flexible terms than most traditional commercial loans, including lower equity requirements, longer amortization periods and have no balloon payments, allowing borrowers increased access to capital and more payment flexibility. 

What kind of terms can an SBA loan offer?

An SBA loan offers longer terms than most traditional loans with max terms up to 25 years for most real estate and up to 10 years for furniture, fixtures, equipment and various other working capital needs of a business.

Which of my small business needs can I finance with an SBA loan?

An SBA loan can provide financing for commercial real estate, construction projects, equipment, inventory, debt refinancing, business acquisitions, expansions and various working capital needs. 

For more information, regarding small business loans, visit the Small Business Administration's website

Need more specific information? Download these product brochures:

 

* The SBA recognized mBank Michigan locations with these awards.