SBA Lending
As an SBA Preferred Lender, BNC Bank is ready to help your business grow with Small Business Administration (SBA) loans. Whether you are starting your own business, purchasing equipment, building, renovating or purchasing commercial real estate, we are ready to assist you with the financing your business needs to succeed.
48-HOUR TURNAROUND ON PRE-QUALIFICATIONS**
BNC Bank can provide a proposal within two business days. Contact our SBA Team to discuss your growing business.
Meet Our SBA Team
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Stan Lamb
VP Business
Development Officer
(803) 984-4121
Email Stan
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John Bickley
VP Business
Development Officer
(864) 312-4113
Email John
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SBA (7a) LOAN |
SBA 504 LOAN |
Loan Size |
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Loan Structure |
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SBA Guarantee |
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Interest Rates |
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Loan Term |
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CDC Loan:
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Loan Proceeds Use |
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Loan Fees |
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Job Creation |
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Manufacturers:
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$4,760,000
Refinance and Construction | Franchise Hotel | 25 year term | Upstate SC
$3,300,000
Minority partner acquisition/refinance | Multiple-unit Convenience Stores | 25 year term | Midlands SC
$3,300,000
Real Estate Purchase and Construction | Child Care Facility | 25 year term | Charlotte Region
$3,200,000
Acquisition | Wedding Venue | 25 year term | Central NC
$2,250,000
Refinance | Sports Training Facility | 25 year term | Coastal SC
$1,984,000
Construction | Bojangles Franchise | 25 year term | Central GA
$1,430,000
Construction | New Auto Body Repair | 25 year term | Triangle NC
$1,255,000
Acquisition | Auto Salvage | 20 year term | Central NC
$1,175,000
Acquisition | Bed & Breakfast | 25 year term | Western NC
$658,000 & $351,000
Refinance and building purchase | Specialty Contractor | 10 year and 25 year terms | Upstate SC
$505,000
Real estate refinance | Trucking Company | 25 year term | Upstate SC
PROGRAM HIGHLIGHTS
- Complete financing*
- Fully amortized loans; no call dates
- 3 year prepay
Use of Funds
- Purchase, construction or renovation of commercial
- real estate for owner-users
- Purchase of equipment
- Working capital and inventory
- Business buy-outs
- Financing for franchises
- Some refinancing of existing debt
Loan Amount
- Up to 5,000,000
Terms
- Up to 25 years, depending on use of funds and repayment ability
Interest Rate
- Call for current rate
Fee
- Vary based on loan size, guaranteed portion and qualification
Prequalification
- Prequalification service available at no cost to applicant
PROGRAM HIGHLIGHTS
- Long-term, below-market fixed rates
- Low down payment conserves working capital
- Option to finance soft costs
- Out-of-pocket fees minimized
Use of Funds
- Buy, build or renovate commercial and industrial real estate
- Buy and install heavy-duty equipment and machinery
- Cover related soft costs such as surveys and appraisals
Loan Amount
- Up to 5,000,000 on SBA's portion
- Up to 10,000,000 total loan request with bank's portion
Terms
- Up to 20 years on SBA's portion, depending on use of funds
- Up to 20 year amortization with 10 year call on bank's portion, depending on use of funds
Interest Rate
- Call for current rates
Fee
- Varies based on loan size
Prequalification
- Prequalification service available at no cost to applicant
CRE Acquisition/Construction/Improvement/Refinance
Loan Size
- Up to $5.0 million
Advance Rate
- Complete financing available*
Loan-to-Value
- General purpose, up to 90%
Term
- Up to 25 years, fully amortized*
Collateral
- First lien on assets financed
Guarantees
- Personal and corporate guarantees of all significant owner/principals
Prepayment Penalties
- Vary depending upon loan program
Rates/Fees
- Vary based on loan size, guaranteed portion and qualification
PROMOTE YOUR PROPERTY
with Convenient Marketing Resources
At Bank of North Carolina we have designed a wide-array of services to help showcase your properties. Our committed SBA professionals will work with you step by step to market your property. We can create what you need to advertise your property from customized signage to co-branded marketing materials to financing scenarios.
ATTRACTIVE SIGNAGE
TO DRAW ATTENTION TO YOUR PROPERTY
Increase visibility on your properties with complimentary signage to show potential buyers that financing may be available with little money down.
CO-BRANDED MARKETING MATERIALS
Bank of North Carolina has the resources you need to market your properties at no cost to the seller or broker! Professional printed flyers, mailers and handouts can all be co-branded with your logo, property and contact information.
PURCHASE SCENARIOS FOR POTENTIAL BUYERS
Make it easier for your customers with a proposed purchase scenario developed by Bank of North Carolina's SBA Manager. This complimentary scenario will give potential buyers the opportunity to see estimated monthly payments, fees, closing costs as well as other requirements.
48-HOUR TURNAROUND ON PRE-QUALIFICATIONS**
Bank of North Carolina can provide you with a proposal within two business days. We realize buyers need to know how much they qualify for when considering SBA financing. All loans are subject to formal approval upon receipt of a complete loan package.
**Subject to SBA eligibility, credit review and approval. Depository relationship required. For business purpose loans only. Customer pays out-of-pocket expenses.
*SBA loans from BNC Bank are in participation with the United States Small Business Administration. Loans are subject to approval in accordance with SBA and Bank eligibility and lending guidelines. Other lending programs are available.
**Subject to SBA eligibility, credit review and approval. Depository relationship required. For business purpose loans only. Customer pays out-of-pocket expenses.