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Approved to offer SBA loan products under SBA's [Preferred Lender/Express/Patriot Express] program.
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SBA GROW LOAN PROGRAM

The SBA Grow Loan Program (formerly known as the 504 loan program) offers long-term fixed rate options for the financing of major fixed assets such as land and buildings, leasehold improvements, fixtures and equipment , with a total project maximum of $12.5 million. Venture Bank will work with local community development companies (CDCs) to finance your project. The typical structure of a SBA Grow loan package includes a first mortgage for 50% of the project, an SBA second mortgage for 40% of the project, with as little as 10% down required from your business.

To be eligible, your business must be for profit, meet SBA size standards and must create or retain one full-time equivalent job for every $65,000 ($100,000 for manufacturing) provided by the SBA. 

  • Maximum loan of up to $5 million*
  • Loan terms of 10 and 20 years are available
*Up to $5.5 million in SBA funds are available for manufacturing industries within the NAICS sectors of 31, 32 and 33, or for projects that meet an environmental or energy efficiency public policy goal.

For more information, or to apply, please contact Christine Young to schedule a meeting.

Christine A. Young
Golden Valley
763-398-5815
Contact Christine