Business Lending

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Hana Small Business Lending offers SBA loans for any business usage, including business real estate purchase, construction, refinance, business acquisition, equipment purchase, and working capital.

SBA loans are variable-rate loans tied to the lowest Wall Street Journal Prime Rate. Hana Small Business Lending offers the most competitive rates allowed under the program.

Our SBA business asset loan programs provide funds from $150,000 up to $5,000,000 to acquire property, an existing business, new business start-up, refinancing, or to consolidate and purchase fixed assets.

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7(a) Loans

If you are looking to purchase equipment and machinery, inventory, working capital, or an existing business or commercial property, 7(a) loans offer the longest terms available for repayment.

Borrower Benefit
  • Long repayment terms. Up to 25 years without balloon payment
  • Reduced cash flow requirements allow opportunities to expand the business
  • Low down payment requirements
  • Competitive interest rates based on a spread over published Wall Street Journal Prime
Use of Proceeds
  • Business acquisition and start-up financing
  • Purchase, construction, or renovation of owner-occupied commercial real estate
  • Majority of space must be owner-occupied (51% for an existing building, 60% for new construction)
  • Purchase of fixed assets such as machinery and equipment
  • Refinance or consolidate existing debts, up to 100% financing on outstanding balances
  • Loan Proceeds also include inventory, working capital, and closing costs
Terms
  • Amortization up to 10-25 years
  • Up to 90% financing on existing commercial real estate and up to 70% financing on existing business acquisition
  • Existing businesses must show fixed debt coverage of 1.10 times or greater for two years and interim
Eligible Uses
  • Purchasing land and improvements including existing buildings
  • Grading, street improvements, utilities, parking lots, and landscaping
  • Constructing new facilities, modernizing, renovating, or converting existing facilities
Typical Financing Structure
  • 50% 1st Trust Deed
  • 40% CDC 2nd Trust Deed
  • 10% Minimum Down Payment
  • Minimum 15% down payment required for special purposes property