Loans

Sun National Bank offers lending solutions that fit small business' needs.

• Small Business Administration (SBA) Loans
  A loan program designed to assist start-up and existing small business with working capital, machinery, and equipment, furniture and fixtures, land and building (including purchase, renovation and new construction), and lease-hold improvements.  Click here  to learn more about SBA loans.
  
• Business Line of Credit
  A flexible, revolving source of working capital or capital expenditure funding.
  
  
• Fixed Rate Term Loans
  The Term Loan provides a fixed rate and loan period, ideal as a permanent source of budgeting working capital or capital expenditure finding, up to $250,000 with terms up to 84 months.
  
  
• Commercial Mortgage
  The smart choice for business operators investing in commercial real estate - including highly personalized attention to fitting the loan to your specific needs.
  
  
• Leasing
  You may experience significant financial and tax advantages by leasing new machinery and equipment instead of purchasing.  Our leasing specialists can structure the lease to meet your individual needs.

Sun and SBA Lending

• National Preferred Lender
• 2005 - Top 10 NJ SBA Lenders
• 2006 - 3rd in NJ for dollar volume
• 2006 - 8th in NJ for the number of SBA loans approved
• 2006 - Silver Award for approving 103 loans for $28.4 million
• 2007 - Silver Award for approving 81 loans for $22 million 

SBA 7(a) Loans up to $2 million can be used for:

• Business acquisition
• Working capital
• Refinance existing debt
• Expansion
• Purchase machinery and equipment
• Real estate purchase
• Start-ups

SBA 504 Loans up to $5 million can be used for:

• Real estate purchase
• Purchase machinery and equipment
• Construction

For more information about SBA loans, call 866.SUN.2399 or send an e-mail.