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Business Loans |
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Type |
Description |
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Business
Loans
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Whether
your business is large or small,
Cambridge State Bank has commercial
loans to fit your needs. If you
need capital for growth, we offer
flexible credit to help you meet your
business challenges head on.
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Products |
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SBA
Loans |
SBA
Loans will assists small
new
or growing businesses meet the borrower's financial needs.
This type of
loan is contingent upon two factors in determining eligibility: annual
sales size and number of employees.
The
SBA lends to all industries, subject to their size eligibility
requirements see exceptions (below).
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Exceptions
include businesses involved in gambling, lending, leasing, SBA
loan packaging, religious activities and not-for-profit
institutions.
Benefits:
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The
SBA serves the lending needs of a small business owner that cannot
obtain financing from traditional sources.
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The
SBA is a long term lender.
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SBA
loans are fully amortized.
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The
SBA will accept the equity in personal assets, particularly land
and homes, as collateral.
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The
government is your guarantor.
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You
can often get a second chance with the SBA loan since decisions
are not made with scoring models.
Click
here to read more about
SBA Loans.
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Robert Edstrom
EVP Business Banker
Cambridge State Bank
763.691.8028
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Bruce Montgomery
SVP Business Banker
Cambridge State Bank
763.691.8017
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If you are stuck in an inflexible banking
relationship, you should consider your hometown alternative. You get one-to-one
attention from local bankers. We treat our customers like they are neighbors and
friends.
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