Top-Rated SBA Lending Community Bank
As a Small Business Administration (SBA) Preferred Lending Partner, our team of experienced SBA professionals can partner with you to expedite your loan application. By choosing a local community bank, you benefit from decisions made right here in the Tampa Bay area. The Bank of Tampa is committed to guiding you through every step of the application process, from start to finish.
SBA Loan Benefits
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SECURE FINANCING
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LOWER DOWN PAYMENTS
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QUICK TURNAROUND
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TEAM OF EXPERTS
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STREAMLINED APPROVALS
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FLEXIBLE SOLUTIONS
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Frequently Asked Questions
What is an SBA loan?
Partially guaranteed by the Small Business Administration, SBA loans are designed to help small businesses obtain financing with favorable terms and provide an alternative when conventional financing does not fit the needs of a small business.
Who is eligible for an SBA loan?
Small and Medium Businesses that meet the SBA’s size standards, are for-profit, and headquartered in the United States are generally eligible. Additionally, businesses must demonstrate a need for the loan and use the funds for a sound business purpose.
For more information on eligibility, please contact one of our SBA experts.
What are the benefits of choosing The Bank of Tampa for an SBA loan?
Since The Bank of Tampa’s inception in 1984, it has been privately owned by its staff, directors and clients. The bank is built on the foundation of a community bank, serving a diverse portfolio of commercial and consumer banking products. We can provide personalized service, quicker decision-making, and a better understanding of the local market and economy.
As an SBA Preferred Lender, we are committed to the mission of serving business needs throughout most Florida Markets. We offer extended terms and lower equity requirements to improve cash flow and business efficiency. The Bank of Tampa can streamline processing procedures for most SBA-guaranteed loans without additional review by the SBA, enabling us to process your loan seamlessly and quickly.
What type of SBA loans does The Bank of Tampa offer?
The most common types include the 7(a) Loan Program and the 504 Loan Program:
SBA 7(a) Loan Program
7(a) loans are the most common and flexible of the SBA loan programs. Features include:
- Debt Refinancing
- Working Capital
- Machinery and Equipment Purchase
- Leasehold Improvements
- Construction Financing
- Land and Building Purchase
- Business Acquisition / Partner Buyout
SBA 504 Program
The SBA 504 program is used for capital purchases, including Owner-Occupied Commercial Real Estate and large equipment. Features include:
- Land and Building Purchase
- New Construction
- Facility Renovation or Expansion
- Equipment Purchase
What can SBA loan funds be used for?
Funds can be used for various purposes, including acquiring a business, working capital, purchasing inventory or equipment, refinancing existing debt, buying real estate, and more.
When compared to a conventional loan, does it take longer for SBA loans to be approved?
Most SBA loan decisions take less than 30 days for approval. As a preferred lender we can expedite this process.
How much can I borrow?
The Bank of Tampa offers SBA 7(a) loans ranging from $150,000 to $5 million and higher for SBA 504 loans. We offer extended terms and lower equity requirements to improve cash flow and business efficiency.
How do I apply for an SBA loan with The Bank of Tampa?
To apply, contact any member of our SBA Lending team.
All loans subject to The Bank of Tampa credit approval.