New Omni

New to the U.S.

Alert: In observance of Christmas, New Omni Bank will be closed at 2:00 PM on Tuesday, December 24 and remain closed on Wednesday, December 25, 2024.

SBA Loans

SBA Loans

Elevate your SME with custom SBA financing solutions.​​

At New Omni Bank, we’re proud to partner with the Small Business Administration (SBA) to offer specialized loan programs designed to help small businesses overcome the hurdles of traditional lending.

What is an SBA Loan?

An SBA loan is a small business loan partially guaranteed by the U.S. Small Business Administration (SBA) to help small businesses access financing with favorable terms, such as lower down payments and longer repayment periods.

These loans are typically used for various business purposes, including working capital, equipment purchases, and real estate acquisition.

As a Preferred SBA Lender, New Omni Bank provides:

Government-backed Security

Enjoy the assurance of loans supported by the SBA.

Affordable Financing

Benefit from lower down payments and manageable monthly outflows.

Rapid Processing

Quick approval and funding to keep your business momentum.

Adaptable Terms

Tailored to meet your specific business needs.

Efficient Procedures

A streamlined application to funding journey, making financing straightforward.

Overview of SBA 7(a) and SBA 504 Loan Programs

Feature

SBA 7(a) Loan1,2

SBA 504 Loan1,2

Ideal for
  • Real estate purchase/refinancing (owner-occupied)
  • Real estate construction (owner-occupied)
  • Equipment purchase/refinancing
  • Inventory purchase
  • Business debt refinancing
  • Tenant improvement or renovation
  • Business acquisition
  • General working capital
  • Acquiring, building, or improving primarily owner-occupied real estate
  • Long-term financing for heavy machinery or equipment
Loan Amount

Up to $5 million

  • Bank: 50% financing
  • SBA: 40% financing
  • Borrower: 10% down payment
Interest Rate

Variable rate, tied to the WSJ Prime Rate plus a margin

  • Bank Portion: Can be fixed or variable rate
  • SBA Portion: Fixed rate
Terms
  • Real Estate: Up to 25 years
  • Non-Real Estate: Up to 10 years

Amortized up to 25 years with:

  • SBA Portion: 25-year maturity
  • Bank Portion: 10-year maturity

Ready to Propel Your Small Business Forward?​

Contact us today to explore our SBA loan options. We are here to provide the support and financing solutions your small business needs to thrive and grow.

Recent Deals

Hotel Aquisition

$5,000,000

SBA 7(a)

San Gabriel, CA

  1. Credit products are subject to credit approval and program guidelines. Some restrictions and fees may apply.
  2. Small Business Administration (SBA) financing is available through the SBA 504 and SBA 7(a) programs, subject to approval. Terms, collateral, and documentation requirements are applicable. Final loan conditions, including amortization and rate, depend on credit approval. New Omni Bank’s credit standards, collateral requirements, and documentation requirements also apply. Additional restrictions may apply.

Related Services

Business Deposit Accounts

Discover our customized deposit strategies that align with your business goals to maximize fund impact.

Learn More
Commercial Real Estate Loan

Grow your business with our commercial real estate loans, featuring competitive rates and personalized solutions.

Learn More
Treasury Management

Streamline business operations, optimize cash flow, and boost efficiency with effective treasury management.

Learn More

Get in Touch.

To help put you in touch with the right team, please answer the following questions.

top
About New Omni Bank

Insights

Stay informed about our organization, and the financial services industry.

Search