SBA guaranteed loans - Business lending

SBA guaranteed loans

Convenient banking

As a Small Business Administration (SBA) Preferred Lender, CSB offers numerous loan programs to assist small businesses with start-up costs or help existing businesses grow.

Eligibility

All applicants must be eligible to be considered for a Type 7(a) SBA loan. The eligibility requirements are designed to be as broad as possible so that this program can accommodate the most diverse variety of small business financing needs. All businesses that are considered for financing under SBA’s 7(a) loan program must meet SBA size standards, be for-profit, not already have the internal resources (business or personal) to provide the financing, and be able to demonstrate repayment. Certain variations of SBA’s 7(a) loan program may also require additional eligibility criteria.

Eligibility factors for all 7(a) loans include: size, type of business, use of proceeds, and the availability of funds from other sources.

SBA PLP (Preferred Lender Program) Lender

As an SBA Preferred Lender in Guam:
- approve loan with an SBA guaranteed portion of up to $750,000
- SBA guarantees 75% - 80% of the loan depending on loan amount.

Use of proceeds

7(a) loan proceeds may be used to establish a new business or to assist in the operation, acquisition or expansion of an existing business. These may include (non-exclusive) using proceeds to:

purchase land or buildings, cover new construction, expansion or conversion of existing facilities
acquire equipment, machinery, furniture, fixtures, supplies, or materials
provide long-term working capital, including the payment of accounts payable and/or for the purchase of inventory
refinance existing business indebtedness which is not already structured with reasonable terms and conditions
meet short-term working capital needs including seasonal financing, contract performance, construction financing, export production, and finance against existing inventory and receivable under special conditions
purchase an existing business.

Apply now

Apply for a Small Business Administration Guaranteed Loan by visiting your local CSB branch or call +1 671 479 9000 to speak to a CSB small business specialist today.

Subject to CSB credit underwriting criteria and final approval.