SBA Loans

Small Business Administration (SBA) loans offer fast, flexible financing options with favorable terms. As the 2022 SBA Minnesota Lender of the Year, we're here to help you navigate the loan process.

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Personalized support from the experts

Your local banker and dedicated SBA Team will work with you every step of the way. As an SBA Preferred Lender, we have the experience to guide you through the process and find financing that works for you. All of our credit decisions are made locally, so you can expect personalized service and fast processing. SBA loans offer advantages such as lower down payments and flexible repayment terms.

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Find the SBA loan that works for you

Several financing options are available for businesses that qualify under SBA guidelines. The funds can be used for purchasing or refinancing equipment and real estate, inventory, working capital or other business needs. We also specialize in helping people acquire new businesses and complete partner buyouts.

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SBA 7(a) Term Loan

Enjoy a wide range of uses

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The SBA’s flagship program, a 7(a) loan can be used to achieve short and long term financing goals. This program is preferred by many business owners for its lower cash requirements and longer amortizations.

The 7(a) loan may be used for a wide variety of purposes, including:

  • OWNER-OCCUPIED REAL ESTATE AND PURCHASE, REFINANCE AND CONSTRUCTION

  • BUSINESS ACQUISITION

  • BUSINESS STARTUP

  • EQUIPMENT PURCHASES

  • DEBT REFINANCE

  • WORKING CAPITAL

  • INVENTORY

  • TENANT IMPROVEMENT

  • PARTNER BUYOUT

Maximum loan size up to $5 million. SBA loan guarantee of $3.75 million.

The SBA 7(a) program offers terms up to 10 years. If combined with real estate, this may be up to 25 years.

The SBA 7(a) Commercial Real Estate Loan offers terms up to 25 years.

Fixed rate option available, or variable rates based on The Wall Street Journal Prime Rate.

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SBA Express Line of Credit

Bolster working capital

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Ideal for new and existing small businesses seeking to bolster their working capital.

The SBA Express Line of Credit may be used for:

  • WORKING CAPITAL

Maximum of $350,000.

This is a 5-year revolving line of credit. At the end of 5 years, the balance becomes a loan with a 5-year term.

Variable rates based on The Wall Street Journal Prime Rate.

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SBA 504 Loan

Grow or expand your business

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The 504 program is often used when a business anticipates creating new jobs as a result of the project financed. It’s also often a good fit for businesses who are looking to acquire fixed assets such as land, building or equipment.

A 504 loan offers financing through Bremer Bank (50%) and a Certified Development Company (40%), with 10% required of the borrower.

The SBA 504 Loan may be used for:

  • LAND

  • BUILDING PURCHASE, CONSTRUCTION OR RENOVATION

  • LONG-TERM MACHINERY AND EQUIPMENT

Loan amounts range from $150,000 to $15 million.

Up to 25 years.

A negotiated fixed or variable rate through Bremer Bank. SBA offers a below-market fixed-interest payment.

Checking that works for your business

We offer checking and banking packages designed to help your business succeed at every stage.

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