SBA Loans

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From the first moment we walked in the door we knew Lighthouse Bank was different from other banks. They welcomed us with genuine interest, listened to our vision for our business and have supported us every step of the way.

Chef Kendra L. Baker & Zachary E. Davis

Owners, The Penny Ice Creamery

SBA Loans

Lighthouse Bank has been awarded Preferred Lender (PLP) status with the U.S. Small Business Administration (SBA). As a Preferred Lender, we are permitted to make decisions on behalf of the SBA which significantly shortens the loan process. A variety of SBA loan programs are available to assist small and medium sized businesses.

7 (a) Loan Program purposes include:

Start up Financing
Working Capital
Business Purchase
Purchase of Equipment or Inventory
Leasehold Improvements
Construction
Up to 90% financing for Owner-Occupied Commercial Real Estate purchases and construction

504 Loan Program

The 504 SBA loan program is a long term financing tool for economic development within a community and provides growing businesses with long-term fixed rate financing for major assets. Proceeds from the 504 loan program must be used for fixed asset projects such as:

Up to 90% financing to purchase owner-occupied real estate
Construction of new facilities, or modernizing, renovating or converting existing facilities
Purchasing long term machinery and equipment

Contact Bob Dennis in our SBA Department for more information and let us find a solution to meet your needs.

Bob Dennis
Vice President
SBA & Commercial Relationship Manager
831-600-4013

NMLS #745216

Our Mission Statement:

Lighthouse Bank is committed to providing superior personalized banking products and services in Santa Cruz County. We are dedicated to creating financial benefit for our clients, professional growth for our employees and financial prosperity for our owners and community.

NOTICE OF CHANGES IN FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.