22nd State Bank provides government-guaranteed business lending solutions for eligible businesses in Mobile, Baldwin County and throughout the Alabama Gulf Coast. Our lending team helps business owners explore SBA 7(a) and USDA Business & Industry (B&I) loan programs to support business growth, expansion and financing needs.
Government-guaranteed loans may provide financing for working capital, equipment purchases, commercial real estate, business acquisitions and other eligible business purposes. USDA B&I financing is subject to rural-area and project eligibility requirements. Our team works with borrowers to evaluate financing options based on their business needs and applicable program requirements. All loans are subject to eligibility and credit approval.
| SBA 7(A) Loan | USDA B&I Loan | |
|---|---|---|
|
Maximum |
Financing up to $5 million |
Financing up to $20 million |
|
Use of Loan |
|
|
|
Considerations |
Minimum equity and collateral requirements apply |
20% tangible equity required |
|
Terms |
Up to 25 years, fully amortized loan structure |
Up to 30 years, fully amortized loan structure |
Contact one of our bank service representatives for additional information.
Looking for other commercial financing solutions? Explore our Business Loans page for additional lending options. For everyday business banking needs, learn more about Commercial Checking at 22nd State Bank.