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 Small Business loan programs are available to assist small and medium sized businesses.
Small Business Administration (SBA) 7 (a) Loan Program purposes include:
Small Business Administration 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 Kristin Ditlevsen for more information and let us find a business loan solution to meet your needs.
Senior Vice President