More Options for Your Business
Growing a business takes more than a good idea. It takes the right resources and a financial partner who understands what you’re trying to accomplish. Loans backed by the U.S. Small Business Administration (SBA) can provide eligible small businesses with additional financing options when conventional business financing may not be the right fit. Whether you’re planning an expansion, purchasing property or equipment, acquiring a business or looking for working capital, AGCU’s SBA lending team can help you explore financing options for your next step.The Basics
What Is an SBA Loan?
SBA loans are business loans offered through participating lenders and supported by a guaranty from the U.S. Small Business Administration. The SBA guaranty can give lenders additional flexibility when providing financing to qualifying small businesses. The business applies for financing through the lender, and the lender works with the borrower throughout the application and loan process.Put Financing to Work
What Can SBA Financing Be Used For?
Depending on the SBA program, borrower eligibility and the purpose of the loan, SBA financing may be available for a variety of business needs.Commercial Real Estate
Purchase, improve or refinance eligible real estate and buildings for your business.
Business Acquisition
Finance an eligible complete or partial change in business ownership.
Equipment & Machinery
Purchase and install eligible machinery, equipment and other assets your business needs.
Working Capital
Support eligible short- or long-term working capital needs as your business operates and grows.
Expansion & Improvements
Invest in eligible improvements and resources that help your business expand.
Eligible Debt Refinancing
SBA financing may be available to refinance certain existing business debt when program requirements are met.
Another Financing Option
Why Consider SBA Financing?
Every business and every financing request is different. SBA-backed financing can provide additional flexibility for eligible borrowers and transactions.Flexible Financing
SBA programs can provide financing options for a wide range of eligible business purposes.
Longer-Term Options
Certain SBA financing can offer longer repayment periods depending on the loan purpose and program.
A Lending Partner
Work with an experienced lending team that can help you understand the process and explore available options.
Who May Qualify?
SBA programs have specific eligibility requirements, and requirements can vary by loan program. In general, SBA 7(a) eligibility includes factors such as operating as a for-profit business in the United States, meeting SBA size standards, being creditworthy and demonstrating a reasonable ability to repay the loan. You don’t have to determine eligibility on your own. Our SBA lending team can learn more about your business, your plans and your financing needs and help identify possible next steps.Meet Our SBA Lending Team
Chase Ulhorn
Vice President, Director of SBA Lending & Servicing
Chase brings 12 years of banking experience to AGCU and has worked in SBA lending since 2018, with extensive experience in underwriting and credit. A Missouri State University graduate with a bachelor’s degree in finance, Chase also holds a diploma from the Graduate School of Banking at Colorado and completed a Fundamental Diploma through the National Association of Government Guaranteed Lenders. What Chase enjoys most about SBA lending is seeing the impact successful businesses can have beyond their own doors—creating jobs, opportunity and stronger communities.“AGCU now has a wide range of options for business owners and can meet their financing needs from simple to complex. We will focus on helping them win in every way.”
— Chase Ulhorn
Getting Started
Let’s Talk About Your Business
Tell Us Your Plans
Start with a conversation about your business and what you’re trying to accomplish.Explore Your Options
We’ll discuss financing possibilities and whether SBA lending may fit your needs.Prepare to Apply
If you move forward, we’ll help identify the information and documentation needed for your application.Ready to Get Started?
Let’s Talk About What’s Next for Your Business
Whether you’re buying, building, expanding or investing in your business, talk with AGCU about financing options that may help you move forward.
Contact AGCUBanking with a Purpose.
All loans are subject to credit approval, eligibility requirements and applicable SBA program requirements. Loan programs, terms and conditions are subject to change. Additional restrictions may apply.