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Government-Assisted Loan Programs

Business Banking – SBA Loans

Capitol National Bank is a preferred lender (PLP) with the U.S. Small Business Administration (SBA), and is a leader in SBA volume for the State of Michigan. We have the expertise and ability to expedite your SBA loan request as we have a dedicated department solely devoted to SBA lending. We participate in various SBA loan programs designed to suit your short term and long term borrowing needs.

SBA loans offer a number of potential advantages including, lower down payment requirements and the ability to spread financing over a longer period of time. SBA interest rates are market driven with rate maximums published by the SBA.

SBA financing may be right for you if:

  • You are starting or buying a new business;
  • You have been in business only a short time;
  • You are short on collateral;
  • You need to refinance existing debt to improve cash flow;
  • You need additional working capital to finance rapid growth;
  • You only have 10% to 15% available to put down on real estate or the purchase of a business; or
  • You are unable to obtain financing with reasonable terms through conventional methods.

The SBA 7(a) Loan Guaranty Program is one of SBA’s primary lending programs, compiling by far the largest amount of loans for the most dollars. The SBA does not actually provide the commercial loan. Instead, they provide the loan guaranty to the bank as an enhancement for loans that do not typically fit the lender’s conventional lending guidelines. Eligible for-profit businesses must have reasonable owner equity, be engaged in business within the United States and each owner with a 20% or more stake in the company must provide a personal guaranty.

The SBA 504 Loan Program provides growing businesses with long-term financing for purchases of fixed assets, such as buildings and heavy equipment. Eligible businesses include small and medium-sized companies where the financing will help them create and retain jobs for the local community. Eligible for-profit business entities must have net worth of less than $15 million, net income of $5 million or less, commercial property must be owner occupied and each owner with a 20% or more stake in the company must make a personal guarantee;

The Working Capital CAPLine Program is designed to help small businesses meet short-term and cyclical working capital needs. The program provides a revolving line of credit that can be used for business working capital needs such as accounts payable, inventory, and payroll financing.

USDA Loans

The purpose of the USDA Business and Industry Loan Guaranty Program is to improve, develop, or finance business, industry and employment, and improve the economic and environmental climate in rural communities. Loan amounts up to $25,000,000 are available for eligible borrowers who reside in a rural community with less than 50,000 people and have 20% tangible net worth for new business start ups or 10% tangible net worth for existing businesses.

To apply for a business loan with Capitol National Bank, please submit the following items:

  • Fiscal-year-end financial statements and Federal tax returns for the last three years
  • Year-to-date interim financial statements
  • Owners / Partners personal tax returns for the last three years, including all schedules
  • Owners / Partners current personal financial statements
  • Business plan, if available

For more information email us at Please do not send personal or other confidential information (e.g. account numbers, social security numbers, etc.) through this unsecured form.Go BackContinue or call 517.484.5080

Loans subject to credit approval