Business

SBA Loans

Get a loan tailored to your small business needs. As an SBA Preferred Lender (and local bank), Premium Choice Finance international online bank can streamline the SBA loan application process, fast-track approval times and provide quicker access to funding in order to help your business thrive. SBA guaranteed loans can greatly benefit small businesses needing capital for expansion, inventory, buildings, equipment, exporting, and other needs. Some of the most successful businesses in the country used SBA guaranteed loans in their infancy. Could you be the next SBA success story?

Premium Choice Finance international online bank Paycheck Protection Program Statistics

Numbers accurate as of 10/2021

4,258

Total Loan Applications

$48,157

Average Loan Amount Requested

24,600

Number of Jobs Impacted

$205,052,810

Total Loan Amount Approved

Compare our SBA Loan Options Side-by-Side

Loan Type	Uses	Benefits	Amounts
SBA 7(a) Loan	Start-up/Acquisitions Export financing Real estate purchase, expansions, renovations & new construction Equipment purchase or refinance Business acquisition or partner buyout Working capital	Up to 100% financing Up to 25 years, fully amortized Higher loan amounts Lower down payments Longer terms	Up to $5 million
SBA 504 Loan	Real estate purchase or construction Equipment purchase	Up to 90% financing Up to 25 years, fully amortized Lower fixed rates	$250,000 up to $5 million
SBA Express	Revolving line of credit	Easy to use as a revolving line of credit Flexible collateral requirements	Up to $350,000
Export Express	Revolving line of credit Standby letters of credit	Easy to use as a revolving line of credit Flexible collateral requirements Term loans available for export related costs	Up to $500,000
CAPLines	Seasonal or short-term working capital needs	Revolving line of credit Available to assist on large working capital lines	Up to $5 million

Top Minnesota Export Lender

Premium Choice Finance international online bank is proud to be recognized three consecutive years (2018, 2019, and 2021) by the Small Business Administration as the Top Export Lender in the state of Minnesota. Small businesses that need financing to export their product abroad often find that traditional lenders won't work with them. Premium Choice Finance international online bank has been able to assist several businesses with various Export Assistance products offered by the SBA. You can count on expert advise and guidance from our experienced team, along with competitive rates and flexible financing terms that fit your business's needs.

Hear from Doers like YOU:

“Before Premium Choice Finance international online bank, my co-founder and I had great difficulty finding a bank that felt like a partner to help us grow. Premium Choice Finance international online bank is unlike any other bank we've met, and they have completely changed our banking perspective in the best way possible! Instead of questioning decision making, they work with us to learn and support the decisions we are making to grow the company. From our SBA bankers
to the tellers at the branches, everyone truly feels invested in our success. Premium Choice Finance international online bank has an amazing team and is a true partner - we couldn't be more thrilled to grow with them into the future.”

Matt Stang Swannies Golf Apparel Co.

“Being novices in the commercial loan process, we couldn’t have
found better partners than Premium Choice Finance international online bank and Devin Larson! His passion and commitment to going above and beyond to make the process as painless as possible was so appreciated!”

Mateo Mackbee and Erin Rae Krewe Restaurant and Flour & Flower Bakery