The Fauquier Bank Wordmark Logo The Fauquier Bank Wealth Management Wordmark Logo

Small Business Administration (SBA) Loans

TFB is an approved U.S. Small Business Administration lender in Northern Virginia. We are proud to serve small businesses in our local Prince William and Fauquier County communities. All of our SBA lending decisions are made locally, benefitting you with flexible decision-making and swifter turnaround times.

Contact a Commercial Lender

 

Our experienced SBA lenders understand that small businesses sometimes require additional support for loan requests, so we've partnered with local government agencies to provide the maximum options for your small business.

What are SBA Loans?

Partially insured by the federal government, these loan options were created with the needs of small business owners in mind. Whether you’re looking for help starting a business, purchasing an existing one, or expanding the company you have, there’s an SBA loan for you. SBA loans also generally have more favorable terms for small businesses than traditional small business financing. The terms may include a smaller down payment, flexible loan amount, and a repayment period designed to fit your needs. TFB’s business lenders will work with you to design an SBA loan that supports your goals without straining your budget.

 

SBA Loan Features

  • Finance your business and create permanent working capital
  • Purchase, construct or expand owner-occupied real estate
  • Purchase machinery, equipment, furniture, fixtures and
  • leasehold improvements
  • Use the money for business acquisition or partner buy-outs
  • Refinance debts

TFB offers the following SBA Loans

  • SBA 7(a) Loans: SBA’s primary program for term loans up to $5,000,000, the 7(a) loan is also quite flexible. You can use this SBA loan for any business purpose, such as working capital, equipment purchases, real estate, debt refinancing, or the purchase of an existing (also known as “turnkey”) business.
  • SBA 504 Loans: Financing for large, long-term fixed assets—you can borrow up to $20 million for the purchase of equipment and machinery or commercial real estate.
  • SBA Express: When you need the fastest possible turnaround time, this loan program offers a decision in 1-2 days. Choose between a term loan or line of credit, borrowing up to $350,000 for general working capital, equipment purchases, and more. You can use an SBA express loan as flexibly as an SBA 7(a) loan, but you’ll pay a slightly higher interest rate in exchange for processing speed.
  • CAPLines: Obtain a working capital line of up to $5,000,000 for short-term and seasonal working capital needs. An SBA CAPLine must be used for specific contracts, sub-contracts, or purchase orders.

How to apply for an SBA loan

When it comes to applying for small business loans, it’s important to work with a local, experienced financial institution you can count on. As a community bank, straightforward banking with no surprises is what we do.

Here are a few things you will need to get the process started:

  • Business Organizational Document
  • Last 3 years of Business Financial Statements and Tax Returns, Including All Schedules
  • Current Interim Business Financial Statement
  • Report of Accounts Receivable and Payable
  • Last 3 years of Personal Tax Returns for Owners of the Business, including All Schedules
  • Current Personal Financial Statement for Owners of the Business
  • Commercial Real Estate Transactions: A Copy of Sales, Land, and Construction Contracts
  • Business Startups: A Business Plan (including Proform Financial Information) and a Market Feasibility Study

For more information on starting the business lending process, contact our team.

Contact our Business Lending Team Today!

Ready to start the SBA loan application process? Want to learn more about how SBA loans work? Visit our Commercial Lenders page to meet our team and check out our Business Loans page for a full menu of commercial lending and small business loan options. Our SBA lenders will take the time to thoroughly understand the financial needs of your business.

Call the Fauquier office for an appointment at 540-347-2700 or email us. You can also call the Prince William office for an appointment at 703-366-1600 or email us.

*All loans are subject to credit approval.

Have Questions?

Back to Top