Vinings Bank is now a Preferred Lender with the U.S. Small Business Administration. What does this mean – we are authorized by SBA to approve and provide loans through the SBA 7 (a) Loan Program to small and medium sized business borrowers.
The 7 (a) Loan Program was created to provide small to medium for-profit businesses with long term financing (up to 25 years fully amortizing for real estate related loans and up to 10-year loans for equipment, inventory and operating capital). Lower loan to value requirements than conventional financing; lower down payments, some as low as 10%; and no balloon payments. Our funding amounts are from $200,000 up to $5,000,000.
Our experienced team will provide the expertise to determine if your business is eligible for this program, will you through our stream – lined application process, and expedite approval and closing times.
Vinings Bank is a locally owned community bank and we are always looking for ways to give bank to the communities that we serve. Please contact either Joy Manbeck at 678-710-2804/770-715-5422 or Dennis Leonard at 678-710-2809/404-273-1481 for more information on our SBA Preferred Lender Program.