Small business owners like you do so much to make our communities one-of-a-kind. Centennial Bank is here to help you take your success to even greater heights. We’re proud to offer government-backed SBA loans to qualifying small businesses. Explore the programs we offer below, and reach out to us to start your application.

Details
  • Available for start-up businesses, as well as purchasing and refinancing existing businesses
  • Government-assisted help for businesses that might otherwise have difficulty getting approved
  • Special financing for qualifying businesses
  • Competitive rates for a wide range of business needs:
    • Commercial real estate purchase
    • Construction
    • Business acquisition or expansion
    • Equipment/inventory purchase
    • Working capital
    • And more
  • A wide range of lending options available
  • Generally lower down payments and extended terms
  • Additional considerations taken when deciding maturity*
  • Experienced lenders with in-depth knowledge of the loan process
  • Fast decision-making from West Tennessee locals
SBA Loan Programs

SBA offers a variety of loan programs for very specific purposes. Take some time to study the programs described in this section to see if you qualify to participate. 

General Small Business Loans: 7(a)

The 7(a) Loan Program, SBA’s most common loan program, includes financial help for businesses with special requirements.

Microloan Program

SBA’s Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers.

Real Estate & Equipment Loans: CDC/504

This loan program provides financing for major fixed assets such as equipment or real estate.

Disaster Loans

SBA provides low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters.

*Loan maturities are based on the ability to repay, the purpose of the loan proceeds, and the useful life of the assets financed.