Lighthouse Bank is a United States Small Business Administration (SBA) authorized lender that provides financing to small and medium sized businesses.
7 (a) Loan Program:
Loan 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
The 504 Program cannot be used for working capital or inventory, consolidating or repaying debt, or refinancing.
Please contact our SBA Department for more information and let us find a solution to meet your needs.