Fortune Bank works with the Small Business Administration to provide loans to small businesses. SBA loans are backed by the government which reduces the risk for Fortune Bank and allows us to make loans that wouldn’t be able to go through the conventional financing process.

Benefits of SBA Loan

  • Low Down Payments – as low as 10% down
  • Longer Loan Terms – Up to 25 years
  • Lower Monthly Payments
  • More Flexible Collateral Requirements
  • No Balloon Payments
  • No Prepayment Penalty on loans under 15 year terms

Eligibility Requirements

  • For-profit business
  • Located in the U.S.
  • Owned at least 51% by a U.S. citizen
  • Reasonable ownership equity invested or available to be invested
  • Occupancy requirements for new company facility:
    - New construction – 60% upon completion and 80% within 10 years
    - Existing building – 51% owner-occupied
  • Owners of 20% or more must guarantee the SBA loan

Uses of SBA Loan Funds


For more information please contact our SBA Lending Team: 

MISSOURI – St. Louis
Carolyn K. Gegg
VP of SBA Lending
Cell Phone: (636) 628-6984

Get Started Today

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