Small Business Loans

Small Business Loans:

An SBA 7 (a) loan gives small to medium-sized businesses, established entrepreneurs, and professionals access to non-traditional sources of capital. The difference between this type of financing and conventional financing is the government guarantee - which can be up to 85 percent of the loan amount!

Borrowing Limit:

You can access credit up to $5,000,000.

Terms and Rates:

  • Terms range from 7 to 25 years, depending on the use of proceeds.
  • Rates are variable and usually do not exceed 2.75% above Wall Street Journal Prime Rate(WSJP) and adjusted quarterly.

Loan Purpose:

  • An SBA loan can be used for any recognized business purpose, including but not necessarily limited to the following:
  • To buy an existing business
  • As working capital
  • To refinance existing business debt
  • To purchase equipment
  • To purchase real estate for business purposes
  • To make leasehold improvements to commercial properties

How to Apply

It's easy! When applying for an SBA loan, simply to call SBA Department at (626) 802-6225 or email to yli@tomatobank.com*. At TomatoBank, we provide a simplified package for the process. We will work with your accountant, and do all of the analysis, packaging, and SBA interfacing for you. 

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