SBA Business Loans
Cultivate your business dreams with an SBA loan.
At Valley First, we're more than just a financial institution; we're a committed partner in your business journey. Small Business Administration (SBA) loans are designed to provide the robust support your business needs, whether you're just starting out or ready to expand. With our SBA loans, we're here to nurture your business growth and contribute to our community's economic vitality. Let's build your business dreams together.
Approved to offer SBA loan products
under SBA’s Preferred Lender Program
Big News!
We are an SBA Preferred Lender!
Here's what this means for you:
- Faster Approvals
- Trusted Partner
- Less Paperwork
Contact us to start your SBA Loan!
As a Small Business Administration (SBA) Preferred Lender Program (PLP) lender, we’re able to offer you several advantages.
1. Faster Loan Approvals - PLP lenders can approve SBA loans without prior SBA review, reducing approval times. This means we can get loan funds disbursed to you faster.
2. Flexibility - PLP lenders have delegated authority to process, close, service, and liquidate SBA loans without requiring SBA pre-approval. This allows for more flexibility in decision-making and structuring loans, for a streamlined loan approval process.
3. Stronger Relationship with SBA - PLP lenders work closely with the SBA, benefiting from direct communication and streamlined processes. This fosters better collaboration and support in handling SBA loans and results in faster loan decisions for you.
Compare Small Business Administration (SBA) Loans
| 7(a) Loan Program | 504 Loan Program |
|---|---|
| Business Use | Business Use |
| Short-and long-term working capital for: | Purchase, construction, or improvement of: |
| Refinance current business debt | New or existing facilities |
| Purchase furniture, fixtures, and supplies | Long-term machinery and equipment |
| Starting, expanding, or acquiring a business | Existing building, land, parking lots and more |
| Acquiring, refinancing, or improving real estate and/or buildings | - |
| Short- and long-term working capital loans & lines of credit | - |
| Purchasing and installation of machinery and equipment | - |
Getting Started is Easy.
Our business experts are here to help you.
Business Loan Eligibility1
| SBA 7(A) Business Loan | 504 Business Loan |
|---|---|
| Eligibility | Eligibility |
| Operate as a for-profit | Operate as a for-profit |
| Meet SBA's definition of a small business | Business net worth below $15 million |
| Able to demonstrate need for loan | Average net income of less than $5 million after federal income taxes for two years prior to application |
| Have reasonable invested equity | - |
| Use alternative financial resources, including personal assets, before seeking financial assistance | - |
| May not already be delinquent in other government debt | - |
| Other terms, conditions and eligibility may apply | Other general eligibility standards apply |
1 All credit applications are subject to credit approval and Valley First Credit Union’s underwriting requirements and SBA eligibility and lending guidelines. Certain restrictions apply to refinancing options and are subject to program terms. Other limitations and restrictions may apply and are subject to change without notice.
How may we help you?