SBA - Small Business Administration Loans
Morrill & Janes Bank has participated in numerous Small Business Administration (SBA) loans throughout our existence. Because of our responsiveness and prompt credit decisions, we can help you navigate through the process.
SBA 504 Loans
Collectively, Morrill & Janes Bank joins with an area Certified Development Company (CDC) and the SBA to provide this long term financing vehicle primarily used to purchase, construct or remodel owner occupied commercial real estate. Proceeds may also be used to purchase equipment. Advantages include a lower capital injection (as low as 10%) on the part of the business owner, longer term financing and a fixed rate of interest on 40% of the total debt (up to 20 years). Consult with a Relationship Officer for more details.
SBA 7A Term Loans
Morrill & Janes Bank can assist you in obtaining a SBA 7A Term loan. This loan product has many uses including refinancing existing debt (some limitations may apply), purchase or expand owner occupied commercial real estate, business acquisition or expansion and permanent working capital. Consult with a Relationship Officer for more details in the metropolitan Kansas City region.