Helping Small Businesses Grow
Banterra strongly supports small business within our communities with specialized lending options and as a preferred lender for Small Business Administration (SBA) Loans. We can help owner and entrepreneurs overcome the barriers of getting their business off the ground or expanding to serve more customers.
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SBA Preferred Lender
Banterra Bank is an SBA Preferred Lender, which means Banterra is approved to offer SBA loan products under SBA’s Preferred Lenders Program. With this status, SBA has delegated its approval authority to the lender. For banks without this designation, SBA application packages are sent to an SBA processing center for approval which could add weeks to the loan process.
Application Prep Questions:
- Why do you need the money?
- How much money do you need
- How long will it take you to pay it back?
- What are your current financials for your business?
- What are your projections for next three years?
- Any collateral that can be used?
- When do you need the money?
SBA Loan Uses
Banterra’s SBA loans are focused on helping owners start their business or make changes that allow their business to grow and thrive. Uses for SBA loans include:
- Ownership transitions including partner, family, long-term employee, outsider, and employee stock ownership plan (ESOP) buyout
- Working capital needs beyond support from a normal borrowing base
- Purchase machinery, equipment, furniture, fixtures and perform leasehold improvements
- Debt refinancing to improve cash flow
- Commercial real estate purchases
- Start a business or franchise
SBA Loan Benefits
Banterra’s small business loans offer several benefits to business owners, including expanded financial flexibility. Terms of these loans are tailored to your business so you’re borrowing the right amount. Other benefits to our SBA loans include:
- Loans are not collateral based
- Credit on reasonable terms when it may not otherwise be available
- Longer term and amortization options
- Lower payments to help improve cash flow
- Competitive interest rate
- Flexible terms and conditions
- Lower down payments
- No balloon payments (a large payment due at the end of your loan term)
- Flexibility of use
- Loan can be projection based
If you’d like to learn more about how your business can benefit from working with Banterra for a SBA loan, please contact our offices to schedule an appointment with our business lending team. Loan sizes can range up to $5 million. Your Banterra loan officer can help you determine the right size of loan for your business.
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Find the loan solution that will allow you to maintain your capital needs or purchase more inventory to meet the demands of your customers.
Commercial Real Estate Loans
If you're searching for new office space, Banterra's lenders can work with you to provide the real estate loan to make your purchase easier.
This page is for informational purposes only, is not an offer of financing terms nor a commitment to provide financing for recipient. Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice.
Since the initial concept was developed for Fresh Healthy Cafe in Cape Girardeau, Banterra has been our financial partner for our personal and business transactions. Banterra Bank has been an invaluable resource for our business team, working with our staff on new ideas, business loans, and treasury management operations. Always customer-centered, professional, and innovative, Banterra Bank provides the complete banking solution.