Start & Grow Your Business with an SBA Loan
From upgrading equipment & purchasing real estate to working capital for everyday expenses, you can count on an SBA-backed loan from OMB.
Competitive rates for a wide range of business needs:
Commercial real estate purchase
Construction
Business acquisition or expansion
Equipment/inventory purchase
Working capital
Refinance debt
SBA Loan Programs Available at OMB
With expert guidance and a customer-first approach, we can help your small business take advantage of government guaranteed loans from the SBA.
SBA Preferred Lender
Enjoy quicker loan processing times with OMB's SBA-granted authority to make final credit decisions on certain guaranteed loans.
Traditionally, the SBA loan process - from application to approval and funding - can take anywhere from 30-90 days. SBA Preferred Lenders like OMB are able to decision and fund 7(a) loans, the SBA’s most popular loan program, much quicker than non-preferred lenders, who are forced to wait on SBA approvals.
- Get funding faster than regular SBA lenders
- In-house final credit decisions on SBA-guaranteed loans
- The most current SBA 7(a) loan interest rates for affordable small business financing
SBA Experts
What is SBA Lending?
SBA lending is a government-backed loan program facilitated by the Small Business Administration to support small businesses in obtaining financing when they might not be eligible for traditional bank loans. These loans are designed to encourage the growth and development of small businesses across various industries, offering attractive terms and favorable interest rates.
At OMB, we are dedicated to supporting the vision and ambitions of small business owners. Our SBA lending program stands out for several reasons:
- Competitive Interest Rates: Benefit from competitive interest rates that are often more favorable than those of conventional loans.
- Flexible Terms: Enjoy extended repayment terms and flexible payment options tailored to your business's specific needs and cash flow.
- Minimal Down Payment: Some SBA loan programs may take advantage of minimal down payment requirements, enabling you to preserve valuable capital for business operations and expansion.
- Guidance and Support: Access personalized guidance from our experienced financial advisors who are committed to helping you navigate the loan application process seamlessly.
Your Local Guide to SBA Lending
Check out our detailed and informative whitepaper for everything you need to know about government-backed SBA loans.
What to Know Before Applying for a Small Business Loan
Many look to small business loans to start a new business or to take their business to the next level. When applying for a loan, make sure you have:
How to Apply for an SBA Loan
Applying for an SBA loan with OMB is a straightforward process. Our dedicated team of financial experts are here to guide you through the following steps:
SBA Loans Made Better
At OMB, we take pride in our commitment to empowering small businesses through our comprehensive SBA lending program. Our customer-first approach, coupled with our in-depth industry knowledge and expertise, ensures that you receive the best financial solutions tailored to your unique business needs.
Contact us to learn more about how our SBA lending program can help your business thrive and succeed. Take the first step toward securing the financial support you need to take your business to new heights.
RMI Elite 504 Lender
OMB is your partner for the SBA's 504 lending program, which provides long-term, fixed rate financing for major fixed assets that promote business growth and job creation.
SBA 504 loans are available through Certified Development Companies like RMI, SBA's community-based partners who regulate nonprofits and promote economic development within their communities. OMB is proud to work alongside local CDCs for the betterment of our communities, creating loan opportunities up to $5 million or more.
Frequently Asked Questions
Get answers to some of the most common questions regarding SBA lending.
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Plan for Anything
Our 40+ free financial calculators can help you finesse your budget, compare borrowing costs, forecast earnings and so much more.
Common Terms & What They Mean
Here are some common terms and definitions that may help you learn more about the SBA and commercial lending in general.
- U.S. Small Business Administration: The Small Business Administration (SBA) is an independent government agency. Formed in 1953, it was designed to protect the interests of small businesses in the United States as well as provide aid when needed.
- Equity: The monetary value of a property after the amount of any debts or liens have been subtracted.
- Collateral: An item of value pledged as security for a loan. This is what is seized in the event that the loan goes unpaid and defaults.
- SBA guarantee: When the borrower has insufficient collateral for the loan being requested, an SBA guarantee can act as a substitute and a portion of the funds can be recovered from the SBA in the event of a default. SBA-guaranteed loans can sometimes come with additional requirements and a higher interest rate.
- Underwriting: The process of verifying financial and other business information to determine creditworthiness and terms of a loan.
- Cash flow: The net cash being transferred in and out of a business.
- Interest rate: The amount charged by the lender to the borrower due per period, as an amount of the total loan. The total interest charged depends on the rate, compounding frequency, and total loan amount.
- Maturity: The date on which a loan is due and the principal plus any interest accrued becomes payable.
- Asset: Something of value owned that is used in calculating net worth and can act as collateral for a loan
- Liability: Any debt or financial obligation owed
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