Qualifying businesses can fund business startup, acquisition, expansion, capital improvements, equipment financing, and other major business needs with loans that are guaranteed by United States government agencies. The government does not provide these loans and you can only apply for them by working with an approved lender. Customers Bank is proud to be a Preferred Lender of the federal Small Business Administration (SBA).
By backing your loan, the federal government has reduced the risk to Customers Bank making it easier for you to qualify for a loan, and possibly reducing the interest rate you would pay on a conventional bank loan. Government guaranteed loans can be for as much as $5.0 million.
These programs are open to for-profit businesses that:
Customers Bank offers government loans through three different programs:
Qualifying for these loans is based on your firm’s revenues and number of employees. These standards differ industry-by-industry. There are special programs for firms involved in exporting, or located in an underserved community, or if you are a member of the military. Your Customers Bank Government Guaranteed Lender will help you determine if your qualify and which the program is right for you.
Customers Bank, will work with most small businesses to find a lending product that fits, but the bank is especially experienced at working with government guaranteed lending for:
For more information on SBA Government Guaranteed loans, please contact [email protected].