UMB has been selected by the Small Business Administration (SBA) to participate in the Preferred Lender Program (PLP) and SBAExpress Program (SBAX). Only the most active and experienced lenders are privileged to receive this designation. UMB makes it easy to obtain the financing necessary to begin, acquire or expand your business.
SBAExpress
SBAExpress allows UMB to offer a convenient and easy to understand way to access financing needs up to $350,000.
- Simply complete a UMB credit application. No need to fill out an assortment of government forms.
- Revolving Line of Credit or Term Loans. The use-of-funds are matched to the type of loan provided.
- Longer maturities available to improve your monthly cash flow.
- Competitive interest rates.
SBA 7(a) Term Loans
UMB PLP lending designation allows them to streamline the underwriting process and give you a favorable credit decision on behalf of the SBA for long-term loans. Nearly any business purpose can qualify for a SBA guaranteed loan, including:
- Purchase or expansion of owner-occupied commercial real estate
- Business acquisition or expansion
- Equipment/Inventory purchase
- Refinance of debt to improve cash flow
- Permanent working capital
SBA 504 Loans
When UMB partners with a Certified Development Company (CDC) and the SBA, UMB have yet another tool that provides favorable financing for your growing business.
- Long-term financing for the acquisition of major fixed assets, such as owner-occupied land, buildings, and heavy machinery or equipment
- Low down payment requirements
- Below market, fixed interest rate on SBAs portion of the project.
Benefits
- Up to 90 percent loan-to-value
- Up to 25 year, fully amortized terms on real estate and 10 years on equipment
- No balloon payments
- Flexible interest rate adjustment periods of one, three, or five years
