THE LENDER’S ADVANTAGE QUICK REFERENCE TO SBA LOAN GUARANTY PROGRAMS 7(a) Loans 7(a) Program 4. 3. 2. 1. CAPLine members. or service veterans by qualified owned businesses small SBA for 7(a) reduction and fee Guaranty 10/01/17 Advantage Veterans SBA paperwork. SBA Minimal Lender approves. SBA

Builders Seasonal Contract Capital Working Express Express Express —

09/30/17

loans to loans to

$5 million $5 SBA as 7(a) Same and $350,000 guaranty) million ($3.75 milliongross $5 Amount Maximum Express

Same as 7(a) Same SBA and 7(a) See 50% million $3.75 up to $150,000, than greater loans for guaranty 75% less; or of $150,000 loans for guaranty 85% Guaranty Percent of Express

for compelling compelling for reasons; debtcapital; refinance working improvements; fixtures, lease equipment, purchase or land buildings; purchase construction, new renovation; Loan. Expansion/ Term Proceeds Use of May be be revolving. May short of tion consolida-receivables; inventory existing and advances against costs; construction perform; needs; capital cost to short seasonal Finance and/or SBA and7(a) See 7(a). a loan, term for same as to 7 maturity)year (up or credit lines revolving of for be used May business starting inventory; a line ofcredit, seasonal Express

- term working

- term term debts.

- hold hold

estate is 25 is 25 years. estate 5 ofisequipment) life to(not exceed ment equip- machinery & capitalworking & Generally, repay. to on abilityDepends Maturity is 5 5 years is which CAPLine, except Builder’s 10 years, Up to SBA and 7(a) See 7(a). same Otherwise, as out period.term including Credit, Lines ofRevolving 7 for years Up to - 10 10 years; real Express

Over $50,000 + $50,000 Prime 2.75%Over $25,001 0 yearsLoans 7 or longer: + $50,000 Prime 2.25%Over $25,001 $0 less than years: Loans 7 Interest Rates Maximum Same as 7(a) Same SBA and 7(a) See 4.5% + Prime over $50,000: Loans 6.5% + Prime $50,000 less:or Loans -

- $25,000 $25,000 + Prime 4.75%

$25,000 Prime + $25,000 Prime 4.25% - -

$50,000 $50,000 + P 3.25% $50,000 + P 3.75%

Express

Same as 7(a) Same 7(a) as Loans feesame servicing Annual 50% feereduced guaranty by $150,001 0% or = less $150,000 loans: 7(a) SBA as 7(a) Same Loans 0.546% fee= servicing Annual = million 3.75% $1 portionGuarantied over = $700,000 Over 3.5% $150,001 guaranty fee 0% $150,000FY2017: or = less more than year: Maturity 1 guaranty fee0.25% 1 oryear less: Maturity loan portion of only. guarantied charged Fees on Fees Guaranty

Express

- -

$500,000 = $500,000 3.0% = $700,000

loans

= 0%

term loans) term 750 750B Form (short & must execute lenders as 7(a), allplus Same      following groups: in by individual(s)controlled owned must ness be and as 7(a) Same busi- plus as 7(a) Same Loans via submitted SBA theloan be can 140 score below If number. approval loan or to loan scored by SBA credit prior willapplications loan be less and $350,000 Small 7(a) Loans 3) year 1% and 1,year year (5% 3% 2, first years. during 3 if prepaid or more years maturities with 15loans of penalty for Prepayment type of eligible business. Must repay. be to an ability management, and credit, character, goodstandards; show meetSBA & business size forbe profit a Must Qualifies Who

disability a service of during service ordied member who service spouse Widowed of spouse Current Members Guard and National Reservist in participating TAP Duty Military Active Veterans Disabled or Service Veterans

- connected

Express

-

all

- -

4. 3. 2. 1. than greater loans $150,000 SBA feereduction forGuaranty Easy process; Streamlined turnaround; Fast 15 years) (under penalty No prepayment No balloons; maturity; Fixed cash flow; Improved Long Benefits structure or commercial residential building with costs a Builder capitalworking needs Seasonal (excluding profit)costs Contract line credit ing of Capital Working Express - - to financing;term - use line ofuse line credit -

finances finances direct -

- loans 7(a) and can finance all

seasonal seasonal

-

revolv-

THE LENDER’S ADVANTAGE QUICK REFERENCE TO SBA LOAN GUARANTY PROGRAMS www.sba.gov/content/nd 701 Forks Grand 701 Bismarck 701 Fargo North DakotaDistrict Office Co. Development Certified Agassiz Lake Microloans Export Express Export Program Capital Working Export Trade International Program

Co. Development Certified & Clark Lewis Co. Development Certified Agassiz Lake Corp. Development Certified Dakota 504Loans

-

239

- 250

-

5131 $50,000 $500,000 million $5 million $5 Amount Maximum business. type of on depending million, millionto $5.5 $5 from ranges maximum amount CDC504 - 746 - 4303

-

5160

-

lender Not applicable Not $350,000 than greater loans for guaranty 75% less; $350,000loans or for guaranty 90% maximum guaranty million $4.5 to guaranty, up 90% working capital for maximum guaranty $4 million Up to maximum guaranty million $4.5 to guaranty, up 90% Guaranty Percent of property use special if 5% and/or if business new 5% plus Equity: 10% 50%Lender: 40%CDC: to up financed: Project costs

-

information/

existing debt. existing to be repay Cannot used etc. capital;working improvements;leasehold fixtures,equipment, machinery Purchase & international trade international refinance debt related to and buildings land and facilities, equipment, capital,working for loan Term permanent Proceeds Use of credit lettersstandby ofplus as SBA Same credit. letters standby of support also Can or asset based May be ers. loans for export-capital Short and by liensecured 2nd and rate atinvestors fixed sold to debenture 100% guaranteed SBA fromCDC provided loan project on lien assets. by secured first financing guaranteed) Lender (non loans; Long - -

term, term, fixed term,working

transaction

Express - based.

- asset

- -

exceed years.exceed 6 notto possible, term Shortest Up to 25 years Up to Maturity SBA as Same years 3 may less, goor up to one Generally year rate rate interest adjustable or be fixed May term. shorter a may financing have Unguaranteed Lender Loan: rate. interest fixed 10 CDC Loan:

-

or 20 Express

-

year year term

of funds. of above intermediary 8.5% cost either 7.75%to orSubject with intermediary.Negotiable Same as 7(a) Same Interest Rates Maximum Same as SBA Same reasonableness. monitorsbut SBA forcap, rate interest maximum No SBA for 1/2 ofterm. for prepayment Declining penalty sold. when thedebenture is lished on 504 rate estab-Fixed Loan

Express

SBA programs and SBA programs services are nondiscriminatory on basis provided a

No guaranty feeNo guaranty Same as 7(a) Same as 7(a) Same as 7(a) Same Fees Guaranty change term. during change not fee does Ongoing % outstanding. principal feeis ofguaranty 0.731% balance Ongoing unpaid of0.625% fee monthly a servicing charges CDCon its share. 1.5% CDC chargeup to plus may fee on lender share,0.5%

- 1.5% on 1.5%

U.S. SmallU.S. Business Administration Same as 7(a) Same necessarily in necessarily in exporting). (though notmonths least operation12 forin at Business market. export existing or expand in new, an them a to enter enable willloan that demonstrate must Applicant exportingfor short as 7(a), need plus Same imports. competition from by or adversely trade affected in internationalengage or preparing engaged to as 7(a), plusSame Qualifies Who construction or forexisting new 60% 51% forOwner Occupied $5over millionincome fiscal year two full net have not an average do worth, net tangible in and exceed million not do $15 For Standard:Alternative Size - Information currentOctober asInformation of 2016 profit businesses businesses profit that - term capital working

must must beenhave

available assistance Technical small amounts; loan Very Fixed lenders; intermediary loans from Direct nonprofit Easy process Streamlined turnaround Faster plan. business and domestic financingdisrupting sales exportincrease working Additional capital to marketplace. international effectively inmore the business small to compete financing to term allowLong Benefits Portion: SBA be can financed; Fees borrowed; be equity The may contribution (10% down Low payment No balloons No balloons amortization Full Long - - - to 20%); rate financing;rate - - term fixed rate use line ofuse line credit

-

equity without

.