Take Advantage of CFBank’s Boutique SBA Loan Program

As an SBA Preferred Lender, we provide a team of experts and local decision-makers dedicated to simplifying the process, resulting in quicker decisions and immediate access to assistance when you require it. 

Why choose CFBank for your SBA loans?

CFBank is proud to be an SBA Preferred Lender. This means that on behalf of the SBA, we have the authority to make final decisions on most SBA loans, helping to make sure you get to financing you need, easily and efficiently.

We are passionate about the success of your business, and we work tirelessly to bring our industry knowledge, business resources, and small-town culture to you, nationwide. Our dedicated team of SBA specialists, underwriting, and closing teams are here for you throughout the lending process.

And, our support doesn’t stop there. We take our SBA team to the next level with a specialized construction team that closely monitors your project and requirements to help keep you on track.

Closeup of someone signing loan papers

CFBank SBA Loan Programs

We have a variety of SBA loan programs available to help you receive the right loan for your business plans. Our SBA specialists are ready to accommodate your needs, whether it’s financing start-up costs, real estate purchases, funding working capital, and more.                 

7(a) Loans
7(a) Loans

This loan program is perfect for borrowers ready to open, acquire, or expand a small business, finance new working equipment, working capital, or refinance existing debt. SBA 7(a) Loans have a maximum loan amount of $5 million.

SBA Express Loans
SBA Express Loans

SBA Express Loans are for smaller loan amounts and use an expedited review process to access funds quicker.

504 Loans
504 Loans

504 loans use long-term fixed-rate financing to fund the equipment needed to expand or modernize a small business.

SBA Loans and Benefits

From business acquisition to start-up financing, to ground-up construction, and every stage in between, an SBA loan can be a smart way to finance a range of business endeavors.

SBA loans are backed by the Small Business Administration (SBA), a government agency that provides support to entrepreneurs and small businesses, which means that SBA loans offer advantageous benefits compared to conventional business loans.

With an SBA loan from CFBank, you could receive:

  • Longer Terms to Increase Cash Flow
  • No Balloon Payments
  • Down Payments as Low as 10%
  • No Loan Covenants or Monitoring Requirements
  • Maximum Loan Amounts of $5 Million

SBA Loan FAQs

What is an SBA loan?

An SBA loan is a loan for small businesses backed by the Small Business Administration (SBA), a government agency that provides support to small businesses. You apply for an SBA loan through a private lender, like Huntington, but the SBA provides a loan guarantee, allowing for more flexible loan features compared to conventional business loans.

What are the SBA loan requirements?

Depending on your business, CFBank's specific loan requirements may differ, so we encourage you to request a callback with one of our SBA specialists or call us at (614) 334-7979 to learn more.

That said, the SBA has basic eligibility requirements you must meet to qualify for a 7(a) or 504 loan.

For a 7(a) loan, businesses must:

  • Operate for profit
  • Be engaged in, or propose to do business in, the United States or its territories
  • Have reasonable owner equity to invest
  • Use alternative financial resources, including personal assets, before seeking financial assistance

For a 504 loan, businesses must:

  • Operate as a for-profit company in the United States or its possessions
  • Have a tangible net worth of less than $15 million
  • Have an average net income of less than $5 million after federal income taxes for the two years preceding your application

What do I need to apply for an SBA loan?

To apply for an SBA loan, you'll likely need the following documents:

  1. SBA loan application
  2. SBA form 1919 Section I for the business
  3. SBA form 1919 Section II for each owner of business
  4. For owners with 20% ownership and/or management control:
  5. For a start-up business
  6. For an existing business
    • Copy of last three years business tax returns
    • Current year-to-date balance sheet and income statement as of most recent month-end
    • Schedule of fixed debts as of most recent month end
    • 2 years projections, by month, with annual totals

While it is smart to prepare yourself for the documents you may need, we recommend meeting with a CFBank SBA specialist so we can work with you to understand the necessary documents for your specific business and SBA loan type.

Contact us to get in touch with an SBA specialist or call us at (614) 334-7979 today.

How do I apply for an SBA loan?

We service businesses across the United States, so if you’re located within CFBank's footprint or live miles outside of it, rest-assured you’ll receive the same outstanding service either way. We strive to make each conversation feel like a visit to your local bank – welcoming, inclusive, and helpful.

Contact your local Market Leader today!

Todd Fulton

Todd Fulton

Senior Vice President, Commercial Banking Market Leader

 (614) 505-5643
 Email Todd

 Columbus

Mark Nykaza

Mark Nykaza

Market President, NE Ohio

 (216) 468-6113
 Email Mark

 Cleveland

Joe Kirsch

Joe Kirsch

Market President, Indianapolis

 (463) 223-6798
 Email Joe

 Indianapolis

Meet Our Business Development Officers

CFBank’s expert Business Development Officers are here to partner with you, helping you effectively manage capital and help your business grow.

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