Live chat 1-800-711-BANK (2265) Menu Login Back In This Section SBA Loans SBA Loan Uses Types of SBA Loans Apply Women Requirements FAQ Our SBA Work Meet Our SBA Team Small Business Resources Articles, tools and templates designed with small business owners in mind. Learn more. SBA Loan Uses SBA Loans can be used for a variety of reasons depending on the needs of your business, including: Real estate purchase/refinance Ground-up real estate construction Construction of leasehold improvements Equipment purchase Lines of Credit Permanent working capital Expansion Business acquisition Partner buyout Debt refinancing Purchase of a business or Partner Buyout Up to 85% financing for the acquisition of a business Up to 100% financing for partner buyout Up to $5 million in bank lending Commercial Real Estate Up to 90% financing Up to 25-year term 51% or more owner-occupied Can include working capital, equipment, improvements Expansion Up to 90% financing 10 to 25-year term Must be in business at least two years Can include working capital, equipment and improvements Refinance Must save at least 10% on current debt service Up to 25-year term Equity injection not required How SBA Loans Work Understanding how SBA loans work is critical as a business owner so you can borrow with confidence. Simply put, the Small Business Administration (SBA) sets guidelines for how SBA guaranteed loans can be made by preferred lenders like First Commonwealth. The SBA is not lending money directly to the business owner but rather provides an incentive to the lenders in the form of a partial loan guaranty. This then makes it easier for a small business owner to get loans to drive the growth of their business. The specifics of what type of loan you need will also be explained by our SBA team when you meet with them. 601 Philadelphia St., Indiana, PA 15701 1-800-711-BANK (2265) ATM/Branch Locations Careers Secure. Convenient. Mobile. First Commonwealth Bank proudly offers top local banking solutions in our communities of Pennsylvania and Ohio, including banks in Altoona, Canton, Cincinnati, Columbus, Indiana, Pittsburgh, State College and Williamsport. Get Started with us today NMLS# 479240Routing Number 043306826 Regulatory NoticesEmail CommunicationsTerms & ConditionsPrivacy PolicyHTML Sitemap ©2021 First Commonwealth Bank, Member FDIC