SBA Loans

Loans from LFCU that are guaranteed by the Small Business Administration

We are here to serve and support you as your business grows.

Langley Federal Credit Union offers Small Business Administration (SBA) loan programs. Our highest priority is building strong relationships. A Langley representative can help you determine which loan is right for your business' needs.

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Advantages of an SBA Program*

  • For-profit businesses that normally do not qualify under conventional lending standards may be eligible to apply under the SBA loan program
  • Lower down payments (as low as 10%)
  • Longer loan terms (up to 25 years) with no balloon provisions
  • Financing available for businesses in the early start-up stages

Major types of SBA loans available

7(a) Loans
Maximum Loan Amount $5,000,000
Use of Proceeds Real Estate acquisition / refinance, Business Purchase (including goodwill), equipment and vehicle purchase, business debt refinance, leasehold improvements, expansion, renovation, and working capital
Maturity Working Capital: 7 years; Equipment: 5-15 years, Real Estate: 25 years
SBA Express Loans and Lines of Credit
Maximum Loan Amount $350,000
Use of Proceeds Real Estate acquisition / refinance, Business Purchase (including goodwill), equipment and vehicle purchase, business debt refinance, leasehold improvements, expansion, renovation, and working capital
Maturity Working Capital: 7 years; Equipment: 5-15 years, Real Estate: 25 years
Small Loan Advantage (SLA)
Maximum Loan Amount $350,000
Use of Proceeds Real Estate acquisition / refinance, Business Purchase (including goodwill), equipment and vehicle purchase, business debt refinance, leasehold improvements, expansion, renovation, and working capital
Maturity Working Capital: 7 years; Equipment: 5-15 years, Real Estate: 25 years
Qualification All loan applications will be credit scored by SBA prior to loan approval.
Export Express
Maximum Loan Amount $500,000
Use of Proceeds Real Estate acquisition / refinance, Business Purchase (including goodwill), equipment and vehicle purchase, business debt refinance, leasehold improvements, expansion, renovation, and working capital
Maturity Working Capital: 7 years; Equipment: 5-15 years, Real Estate: 25 years
Qualification Applicant must demonstrate that loan will enable them to expand in an existing export market or enter a new one. Time in business: at least 12 months.
504 Loans

Long-term, fixed-asset loans. LFCU partners with a Certified Development Company (CDC) to provide a financing package from SBA that consists of a lender loan and a SBA loan. Features low down payments of 10% to 20%. Fees can be financed. CDC loan maturity is 10 to 20 years and the lender loan is governed by conventional terms. The financing package maximum is $5,000,000.

* All applicants are subject to SBA rules and regulations in effect. For additional information, please refer directly to the SBA website at sba.gov.