You’ll Be Happy Putting Less Cash Down For An SBA Loan From An SBA Preferred Lender

As a preferred lender, GCB has been granted authority from the SBA to approve and fund SBA 7(a) loans. This means faster approvals and funding times. It also means that GCB is one of the most proficient SBA lenders in the country, as not all SBA lenders are granted Preferred Lender status.


The Run Down On Your SBA Loan Options

SBA 504 Loan Icon

SBA 504 Loan

What is a SBA 504 loan?
SBA 504 loans are most often used for a small business looking to purchase fixed assets such as real estate or heavy equipment. The minimum downpayment is 10%.

Consider If:

  • You want 10 year equipment maturity
  • You want 20 year real estate maturity
  • You prefer to roll fees into the loan
  • You want lien-free short-term assets
SBA 7a Loan Icon

SBA 7(a) Loan

What is a SBA 7(a) loan?
SBA 7(a) loans are used for almost any business need including acquisitions, expansion, lines of credit, and stock purchases. 

Consider If:

  • You are a brand new small business
  • You have little to no collateral
  • You want lower payments
  • You want 10 to 25 year terms on fixed assets

What You Should Expect When Getting Your SBA Loan With Us

Extraordinary Service You Will Love

Service You’ll Love

As a borrower with us you will be connected with an SBA lending expert who is responsible for walking you through the entire SBA process from start to finish.

No Surprise Fees Money

No Surprise Fees

Not all surprises are good, that’s why our SBA lenders make sure you fully understand your payment schedule before letting you sign your SBA loan.

Fast Decisions Stopwatch

Fast Decisions

When you’re looking to get an SBA loan, timing is everything. While we need to work with the SBA committee, we get you a decision on your SBA loan quickly.


Meet The SBA Lenders Dedicated To Providing You With Extraordinary Service

Jacob Reiter

Jacob’s niche is working with business owners and entrepreneurs to finance expansions and commercial real estate transactions.

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Mike Schmid

Mike has over 30 years experience in lending and specializes in credit lines, equipment loans, commercial mortgages and SBA loans.

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Todd Erickson

Todd has an extremely broad background in business lending that has given him over 39 years of experience in banking.

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Ben Moen

Ben graduated from St. Cloud State University with a degree in Finance and has over 3 years of experience in lending at GCB.

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Mike Heen

Mike has 8 years of experience in lending and an MBA from St. Cloud State University. While he's from Williston, ND, Mike proudly calls Central Minnesota his home.

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You’re Only 3 Easy Steps From Getting Approved For Your SBA Loan In As Quickly As 1 Week

Ready to Get Started?

STEP 1. Start with a no-pressure conversation

When you reach out to us you will be paired with a dedicated SBA lending expert and the first conversation is only focused on getting to know you and your borrowing needs. Nothing else.

STEP 2. Apply online, in-person, or by phone

We know running a business means your life is busy that’s why we offer 3 convenient ways to apply for your SBA loan. Regardless of how you apply, if you have questions at any point during the process our SBA lenders are happy to help.

STEP 3. We analyze your credit history and financial health and get you a quick decision

For you, the hard work is done. For us, we’re just getting started. We analyze several financial health measures of your business to build the best SBA loan option for your situation.


Schedule A Call Back When It's Convenient For You

Enter your info below to set up a time to talk with one of the SBA lending experts at Granite Community Bank or Granite Community Loan Center.

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