Small business loans that make a big impact
We care about small business growth
At The Bennington State Bank, we realize that small businesses are the foundation of our communities as well as the backbone of the American economy. Small businesses create jobs, opportunities, and growth in our communities. We realize that financing is extremely important for small businesses to grow and thrive, and we are here to help!
Backed by the Small Business Administration, SBA loans and lines of credit offer more flexible borrowing amounts and repayment options, which usually means lower monthly payments for you.
As a preferred SBA lender, BSB’s team of experienced lenders will help you select the best loan program for your business. We can guide you through the documentation and approval process and help you get the funding you need to achieve your goals.
SBA Loan Uses:
- Working Capital
- Operating Expenses
- Equipment
- Real Estate
- Expanding business activities
SBA loans offer many benefits to small businesses
Low interest rates
SBA loan interest rates are very attractive for small businesses
Capital Availability
The SBA works with us to help get access to the funding you need
Flexible Repayment Terms
We will help you be confident that the terms of your loan are a fit for your business’s cash flow
Down Payments
SBA loan down payments are generally lower than many other types of loans, as they understand the need of small businesses
Flexibility of Use
Most SBA loans will allow you to use the funds for almost anything related to your business
Types of SBA Loans
Common SBA Loans
SBA PPP Loans
Payment Protection Program
An SBA loan that helps businesses keep their workforce employed during the Coronavirus crisis.
SBA 7(a) Loans
Fund expansion, working capital, equipment
The 7(a) loan program is the SBA’s primary program for providing financial assistance to small businesses.
Meet Our Lending Team
We focus on relationship banking and fostering long term relationships with customized solutions and access to local decision makers.
Contact a BSB lending expert to help grow your business.
We have been helping businesses grow since 1887, and we want to help your business thrive.
The Bennington State Bank is a regional independent bank that offers financial strength, industry specific expertise and a full suite of small business, commercial banking and treasury management solutions to help you and your business grow.