Jefferson Bank of Missouri a Preferred Lender



Basic 7(a) Loan Guaranty
This loan is designed to help qualified small businesses obtain financing when they might not be eligible for business loans through normal lending agencies.
Financing from this program can be used for a number of business purposes, including;
- Working capital
- Equipment
- Furniture and fixtures
- Land and building (including purchase, renovation and new construction)
- Leasehold improvements
- Debt refinancing (under special conditions)

Loan maturity terms can be up to 10 years for working capital and equipment, and up to 25 years for construction and real estate purchases.

SBA offers multiple variations of the basic 7(a) loan program.


Certified Development Company (CDC) a 504 Loan Program
The 504 Loan Program provides long-term, fixed-rate financing to small businesses to acquire real estate, machinery or equipment for expansion or modernization. The loan is structured with 50% financing from a Jefferson Bank conventional loan, 40% financing from SBA with a 20-year fixed interest rate, and the remaining 10-15% of the loan must be from the borrower.

Microloan, a 7(m) Loan Program
Provides short-term loans of up to $35,000 to small businesses for:
- Working capital
- Purchase of inventory
- Supplies
- Furniture
- Fixtures
- Machinery or equipment

Monies from this loan cannot be used to pay existing debts or to purchase real estate.


For more information about these and other SBA loans offered by Jefferson Bank please call 573-634-0800.


SBA LowDoc Loans
The purpose of a SBA Low Doc Loan is to start or grow a business. In addition to meeting the lending bank’s criteria, a new or existing business may qualify for this loan if:
- The existing business employs nor more than 100 people
- Average annual sales for preceding three years not in excess of $5 million
- Owners and affiliates have good credit
- Business owners are of good character

Length of time for repayment depends on the ability to repay, and the use of the loan monies. Maturity is usually 5 to 10 years. For fixed-asset loans, the term can be up to 25 years.

The SBA will respond to loan requests submitted by the bank within 36 hours after receiving a completed application.