{"id":1449,"date":"2020-12-03T19:33:24","date_gmt":"2020-12-03T19:33:24","guid":{"rendered":"https:\/\/www.firstamericanbanknm.com\/wph\/staging\/?page_id=1449"},"modified":"2025-11-05T21:51:06","modified_gmt":"2025-11-05T21:51:06","slug":"sba-loan-programs","status":"publish","type":"page","link":"https:\/\/www.firstamericanbanknm.com\/wph\/staging\/business\/lending\/sba-loan-programs\/","title":{"rendered":"SBA Loan Programs"},"content":{"rendered":"<\/div><\/div><\/div><\/div><\/div><div class=\"wp-block-ncr-blocks-accordion band ncr-custom-block ncr-accordion is-style-one-open\"><div class=\"zone\"><div class=\"feature-wrap  feature-wrap-accordion\"><div class=\"feature-wrap-title\"><h2 class=\"heading\">SBA Loan Programs<\/h2><h3 class=\"subheading\">We are a recognized leader in Small Business Administration (SBA) lending in our local communities, New Mexico, and the nation. We are an award winning community lender and have been named\u00a0<em>&#8216;Community Rural Lender of the Year&#8217;<\/em>  by the New Mexico SBA and <em>&#8216;National Community Rural Lender of the Year<\/em>&#8216; by the National SBA. As an SBA Preferred Lender we are able streamline and accelerate the loan approval process. <br\/><br\/>Call Rusty at <a href=\"tel: 505.798.1121\">505.798.1121<\/a> to find out more about our SBA Lending Programs.<\/h3><\/div> <div class=\"wp-block-ncr-blocks-accordion-panel feature ncr-accordion-panel\" id=\"first-vantage\"><div class=\"feature-padding\"><div class=\"feature-content\"><div class=\"feature-content-text\"><h3 class=\"ncr-accordion-panel-heading\"><a class=\"\" href=\"#\"><span class=\"heading\">SBA 7(a) Loans<\/span><span class=\"icon\"><\/span><\/a><\/h3><div class=\"feature-content-wysiwyg ncr-accordion-panel-body\"> <p>The primary purpose of the 7(a) loan program is to help start-up and existing small businesses.<\/p> <h4>Combined needs for:<\/h4> <ul> <li>Commercial real estate (owner occupied)<\/li> <li>Machinery and equipment<\/li> <li>Business acquisition\/expansion<\/li> <li>Purchase of land and building including construction and renovations<\/li> <li>Working capital<\/li> <li>Refinancing of existing debt, for compelling reasons<\/li> <\/ul>    <table style=\"border-collapse: collapse; width: 100%; height: 126px;\"> <tbody> <tr style=\"height: 23px;\"> <td style=\"width: 50%; height: 23px;\">Maximum loan:<\/td> <td style=\"width: 50%; height: 23px;\">$5,000,000<\/td> <\/tr> <tr style=\"height: 103px;\"> <td style=\"width: 50%; height: 103px;\">Maximum term:<\/td> <td style=\"width: 50%; height: 103px;\">Working capital &#8211; not to exceed 10 years<br>Equipment, furniture and fixtures &#8211; not to exceed 10 years<br>Real estate &#8211; 25 years<\/td> <\/tr> <\/tbody> <\/table> <\/div><\/div><\/div><div class=\"feature-cta\"><a href=\"#\"><\/a><\/div><\/div><\/div>    <div class=\"wp-block-ncr-blocks-accordion-panel feature ncr-accordion-panel\" id=\"first-choice\"><div class=\"feature-padding\"><div class=\"feature-content\"><div class=\"feature-content-text\"><h3 class=\"ncr-accordion-panel-heading\"><a class=\"\" href=\"#\"><span class=\"heading\">SBA 504 Loans (Real Estate and Equipment)<\/span><span class=\"icon\"><\/span><\/a><\/h3><div class=\"feature-content-wysiwyg ncr-accordion-panel-body\"> <p>A 504 is a long-term financing instrument for economic development. 504 loans offer growing businesses long-term, fixed-rate financing for major fixed assets such as land, buildings and equipment.<\/p> <h4>Long-term needs for:<\/h4> <ul> <li>Land and buildings<\/li> <li>Machinery and\/or equipment<\/li> <\/ul>    <table style=\"border-collapse: collapse; width: 100%; height: 80px;\"> <tbody> <tr style=\"height: 31px;\"> <td style=\"width: 50%; height: 31px;\">Maximum loan:<\/td> <td style=\"width: 50%; height: 31px;\">$5,000,000 &#8211; $5,500,000 &#8211; depending on business type or project<\/td> <\/tr> <tr style=\"height: 49px;\"> <td style=\"width: 50%; height: 49px;\">Maximum term:<\/td> <td style=\"width: 50%; height: 49px;\">Machinery and\/or equipment &#8211; 10 years<br>Land and buildings &#8211; 25 years<\/td> <\/tr> <\/tbody> <\/table> <\/div><\/div><\/div><div class=\"feature-cta\"><a href=\"#\"><\/a><\/div><\/div><\/div>    <div class=\"wp-block-ncr-blocks-accordion-panel feature ncr-accordion-panel\"><div class=\"feature-padding\"><div class=\"feature-content\"><div class=\"feature-content-text\"><h3 class=\"ncr-accordion-panel-heading\"><a class=\"\" href=\"#\"><span class=\"heading\">SBA Express Loan<\/span><span class=\"icon\"><\/span><\/a><\/h3><div class=\"feature-content-wysiwyg ncr-accordion-panel-body\"> <p>The purpose of the SBA Express program is to help start-up and existing small businesses.<\/p> <h4>Short or long-term needs for:<\/h4> <ul> <li>Commercial real estate (owner occupied)<\/li> <li>Machinery and equipment<\/li> <li>Business acquisition\/expansion<\/li> <li>Purchase of land and building including construction and renovations<\/li> <li>Working capital<\/li> <\/ul>    <table style=\"border-collapse: collapse; width: 100%; height: 157px;\"> <tbody> <tr style=\"height: 86px;\"> <td style=\"width: 50%; height: 30px;\">Maximum loan:<\/td> <td style=\"width: 50%; height: 30px;\">$500,000&nbsp;<\/td> <\/tr> <tr style=\"height: 127px;\"> <td style=\"width: 50%; height: 127px;\">Maximum term:<\/td> <td style=\"width: 50%; height: 127px;\">Revolving lines of credit &#8211; 5 years\/term-out period &#8211; 5 years<br>Working capital &#8211; not to exceed 10 years<br>Equipment, furniture and fixtures &#8211; not to exceed 10 years<br>Real estate &#8211; 25 years<\/td> <\/tr> <\/tbody> <\/table> <\/div><\/div><\/div><div class=\"feature-cta\"><a href=\"#\"><\/a><\/div><\/div><\/div>    <div class=\"wp-block-ncr-blocks-accordion-panel feature ncr-accordion-panel\"><div class=\"feature-padding\"><div class=\"feature-content\"><div class=\"feature-content-text\"><h3 class=\"ncr-accordion-panel-heading\"><a class=\"\" href=\"#\"><span class=\"heading\">SBA Loan to Veterans processed under SBA Express<\/span><span class=\"icon\"><\/span><\/a><\/h3><div class=\"feature-content-wysiwyg ncr-accordion-panel-body\"> <p>Small business must be owned and controlled (51%) by one or more or the following groups: veteran, active-duty military in TAP, reservist or National Guard member or a spouse of any of these groups, or a widowed spouse or a service member or veteran who died during service, or a service-connected disability.<\/p> <\/div><\/div><\/div><div class=\"feature-cta\"><a href=\"#\"><\/a><\/div><\/div><\/div> <\/div><\/div><\/div><div class='band'><div class='zone'><div class='feature-wrap'><div class='feature'><div class='feature-padding'>    <div class=\"wp-block-ncr-blocks-button button button-align-none\"><a class=\"ncr-btn btn\" href=\"https:\/\/www.sba.gov\/\" target=\"_self\" rel=\"noopener noreferrer\">Visit SBA<\/a><\/div>    <p>To learn more about SBA loan programs.<\/p>    <div class=\"wp-block-ncr-blocks-button button button-align-none\"><a class=\"ncr-btn btn\" href=\"https:\/\/www.firstamericanbanknm.com\/wph\/staging\/contact-us\/\" target=\"_self\" rel=\"noopener noreferrer\">Contact Us<\/a><\/div>    <p>To help guide you through the SBA loan process.<\/p>","protected":false},"excerpt":{"rendered":"To learn more about SBA loan programs. To help guide you through the SBA loan process.","protected":false},"author":8,"featured_media":3628,"parent":24,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-1449","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBA Loan Programs - First American Bank<\/title>\n<meta name=\"description\" content=\"We are a recognized leader in SBA loans in NM and the nation. 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