The
U.S. Small Business Administration (SBA) was established in 1953
by Congress
with the mission to "promote and assist small
businesses by providing financing assistance through loan guarantees,
management counseling and training, and assistance in obtaining
government procurement contracts".
Cathay Bank, an SBA Preferred Lender (PLP Lender)*, is proud to work
with the SBA to accomplish its mission by providing financing assistance
through the SBA 7(a) and SBA 504
Loan Programs. The loan proceeds may be used for working capital,
inventory and equipment purchases, leasehold improvements, commercial
real estate acquisitions, business purchases, or debt refinancing.
The maximum SBA 7(a) Loan amount is $2,000,000.
Major advantages for an SBA loan:
 Low
down payment (as low as 10%) |
| Flexible
requirement on collateral |
Longer
terms than most other conventional loans (up to 25
 years) |
For more information, please contact our SBA specialists. Our SBA specialists
can handle your request in a timely and efficient manner.
* In Los Angeles, Santa Ana,
San Diego, San Francisco and Sacramento District Offices. |
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