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LOAN LOAN

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Woori America Bank Small Business Administration Loan is a government guaranteed loan that provides various funding solutions to help small businesses get started and grow. Whether it's an SBA 7(a), SBA Express or SBA 504 loan, they are more affordable compared to other conventional loans.

Longer repayment terms. Lower monthly payment.

Lower down payments. Lower one time upfront cost.

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OUR SBA LOAN PRODUCTS

OUR SBA LOAN PRODUCTS type

TYPE

SBA 7(a)

SBA EXPRESS

504

Type of Loan &
Use of Proceeds

  • Term Loan
  • Working capital
  • Furniture and fixtures
  • Machinery and equipment
  • Purchase of land and building including construction and renovations
  • Business Acquisition
  • Refinancing of existing debt
  • Term Loan
  • Revolving line of credit
  • Use of proceeds: Same as 7(a)
  • Term Loan
  • Structure
    • 10%: Down for Borrower
    • 40%: Financing from CDC
    • 50%: Financing from Bank
  • 15% down for New or Special
  • Acquisition, Construction, Renovation of Building
  • Machinery & Equipment Purchase

Maximum Loan Amount

  • Up to $5,000M
  • Up to $350M
  • Up to $5,000M

Guaranty portion

  • 75%~85%
    (85%=$150M or less)
    (75%=Over $150M)
  • 50%
  • 100% of CDC portion

Guaranty Fee
(based on guaranteed portion)

  • 2.0%: <$150M
  • 3.0%: $150M~700M
  • 3.5%: >$700M
  • 3.75%: If guaranty portion is over $1,000M
  • Same as 7(a)
  • 3.15%
  • Guaranteed fee: 0.5%
  • CDC Processing fee: 1.5%
  • Funding/Underwriting:1.15%

Minimum Maturity

  • Working Capital : 10yrs
  • Equipment : Useful life
  • Property : 25yrs
  • Mixed Use : Weighted Avg
  • Same as 7(a)
  • LOC - 7yrs including term out period
  • Property: 20yrs
  • Equipment: 10yrs

Collateral

  • Available collateral(liquidation value) up to the loan amount
  • $25M or less, no collateral required
  • Over $25M, lender may use their own collateral policies used for their non-SBA loans
  • Bank: 1st Lien
  • SBA: 2nd Lien

phone iconFor more information, please visit your local branches or customer service 1-888-MyWoori(699-6674)