SBA Loans

Nutmeg is proud to offer Small Business Administration (SBA) loans. SBA loans typically offer lower equity requirements and longer terms than conventional loans. Whether you want to start, expand or purchase a business, acquire short or long-term working capital, buy equipment or purchase real estate - you can make it happen with a SBA loan.

Term Loans for:

  • Real estate purchases and refinances
  • Expansion
  • Acquisition
  • Partner buy-out
  • Equipment purchase
  • Franchise financing
  • Debt restructuring

CAPLines of Credit:

  • Finance seasonal and short term working capital
  • Construction costs
  • Inventory and account receivable financing
  • Debt consolidation

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What is an SBA Loan? 

The SBA, or Small Business Administration, has financing solutions designed for business owners who have needs beyond conventional loans.

What do I need to apply for an SBA Loan? 

To complete the application, you’ll need to provide general information about your business and personal information about each owner, including the following:

For the business:

  • Tax Identification Number (TIN)
  • Most Recent Federal Business Tax Return (complete return required)
  • Number of years you have owned the business
  • Information on your current business deposit and loan accounts (if not with Nutmeg State Financial Credit Union)

For the owner(s):

  • Name, Adress and Phone Number
  • Social Security Number and Date of Birth
  • Percentage of ownership
  • Personal income and financial information

 
For further assistance or questions regarding SBA loans, please contact us.

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