Cashflow for Small Businesses
PyraMax is proud to be a Small Business Administration (SBA) Preferred Lender, participating in both the SBA 504 and 7A loan programs. Either option is a great opportunity for small businesses to become substantially larger and enrich our communities in the process.
The SBA 504 Program generally provides a longer-term, fixed-rate loan and is commonly used for the acquisition of commercial real estate or fixed assets. Many businesses utilize SBA 504 Loans to purchase machinery or other necessary equipment as well.
SBA 7A Program loans, unlike the SBA 504, are more dynamic loans and usually are for smaller amounts. As a preferred lender, PyraMax Bank can make the process of obtaining an SBA loan quick and easy!