Loans & Lines
Forward Bank has a wide variety of loan products to help you manage cash flow, purchase equipment, and expand your business.
Enjoy important features like
- Local-Decision Making
- Experienced Lenders
- Customized Service
- SBA Preferred Lender
Commercial Term Loans
Whether you are expanding your business, purchasing equipment or buying real estate we can provide the advice and loan options to make your plans come to fruition.
Commercial Lines of Credit
Provides easy access to cash for working capital and other revolving or seasonal expenses.
Government Guaranteed Loans
We have extensive experience using various government guaranty programs to provide financing to small businesses.
- 7(a) Loan Guaranty Program – The 7(a) Loan Guaranty Program is the SBA's primary loan program. The SBA reduces risk to lenders by guaranteeing major portions of loans made to small businesses. This enables the lenders to provide financing to small businesses when conventional financing is not a viable option.
- SBA Express – SBA Express is available for loans up to $350,000. The program authorizes SBA preferred lenders to use mostly their own forms, analysis and procedures to process, and service SBA guaranteed loans.
- SBA 504 Loan Program – The 504 is the SBA's economic development instrument that supports small business growth and helps communities through business expansion and job creation. The SBA 504 loan program provides long-term, fixed-rate, subordinate mortgage financing for acquisition and/or renovation of capital assets including land, buildings, and equipment.