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Government Loan Programs

As a Preferred SBA Lender, BMO Harris can process your small business loan so you can get down to business. The following programs are available to support your business needs.
Download Loan Application (4.3MB, PDF)
Advantages and Benefits of SBA Loans
  • Longer terms and amortizations
  • Lower down payments
  • No balloon payments
  • No prepayment penalties for terms under 15 years
Programs
Terms
Limits
Potential Uses
SBA 7(a)
  • Commercial real estate up to 25 years
  • Working capital, equipment and business acquisitions up to 10 years
Up to $5 million
  • Business acquisition/expansion
  • Purchase machinery and equipment
  • Working capital and inventory
  • Purchase land or buildings, construction, renovations
SBA Express
  • Revolving line of credit up to 7 years
  • Equipment up to 10 years
  • Commercial real estate up to 25 years
  • Up to $350,000
  • [Export Express up to $500,000]
7(a) Small Loan
  • Commercial real estate up to 25 years
  • Working capital, equipment and business acquisitions up to 10 years
Up to $350,000
SBA 504
  • Equipment up to 10 years
  • Commercial real estate and construction up to 20 years
Typical structure:
  • 50% financing by BMO Harris Bank
  • 40% 504 debenture financing through a Certified Development Company (CDC)—Maximum of $5 million
  • 10% injection by the borrower (may be higher for special purpose real estate or start-up businesses)
  • Land/Building acquisition
  • Construction and renovations
  • Purchase machinery or equipment
SBA CAPLineLines of credit up to 10 yearsUp to $5 million
  • Revolving working capital supported by accounts receivable and inventory
  • Contract financing
  • Seasonal working capital needs
SBA Export Working CapitalUp to 3 yearsUp to $5 million
  • Working capital needs of exporters
  • May be used to support Stand-by Documentary Letters of Credit
International Trade Loans (for exporters only)
  • Commercial real estate up to 25 years
  • Permanent working capital and equipment up to 10 years
Up to $5 million
  • Purchase real estate and equipment
  • Refinance
  • Permanent working capital

Select a program

  • SBA 7(a)
    Terms
    • Commercial real estate up to 25 years
    • Working capital, equipment and business acquisitions up to 10 years
    Limits
    Up to $5 million
    Potential Uses
    • Business acquisition/expansion
    • Purchase machinery and equipment
    • Working capital and inventory
    • Purchase land or buildings, construction, renovations
  • SBA Express
    Terms
    • Revolving line of credit up to 7 years
    • Equipment up to 10 years
    • Commercial real estate up to 25 years
    Limits
    • Up to $350,000
    • [Export Express up to $500,000]
    Potential Uses
    • Business acquisition/expansion
    • Purchase machinery and equipment
    • Working capital and inventory
    • Purchase land or buildings, construction, renovations
  • 7(a) Small Loan
    Terms
    • Commercial real estate up to 25 years
    • Working capital, equipment and business acquisitions up to 10 years
    Limits
    Up to $350,000
    Potential Uses
    • Business acquisition/expansion
    • Purchase machinery and equipment
    • Working capital and inventory
    • Purchase land or buildings, construction, renovations
  • SBA 504
    Terms
    • Equipment up to 10 years
    • Commercial real estate and construction up to 20 years
    Limits
    Typical structure:
    • 50% financing by BMO Harris Bank
    • 40% 504 debenture financing through a Certified Development Company (CDC)—Maximum of $5 million
    • 10% injection by the borrower (may be higher for special purpose real estate or start-up businesses)
    Potential Uses
    • Land/Building acquisition
    • Construction and renovations
    • Purchase machinery or equipment
  • SBA CAPLine
    Terms
    Lines of credit up to 10 years
    Limits
    Up to $5 million
    Potential Uses
    • Revolving working capital supported by accounts receivable and inventory
    • Contract financing
    • Seasonal working capital needs
  • SBA Export Working Capital
    Terms
    Up to 3 years
    Limits
    Up to $5 million
    Potential Uses
    • Working capital needs of exporters
    • May be used to support Stand-by Documentary Letters of Credit
  • International Trade Loans (for exporters only)
    Terms
    • Commercial real estate up to 25 years
    • Permanent working capital and equipment up to 10 years
    Limits
    Up to $5 million
    Potential Uses
    • Purchase real estate and equipment
    • Refinance
    • Permanent working capital

SBA Veterans Advantage Loans

SBA Express
Normal 3% upfront guaranty fee reduced to zero on all loans of $150,000 up to $350,000
All other SBA loans
Upfront guaranty fee is reduced by 50% for non-SBA Express loans of $150,000 up to $5 million

small-business-funding-resource

More complex lending needs?

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BMO Harris Commercial Bank is a trade name used by BMO Harris Bank N. A. Member FDIC.