SBA Loans
As a Small Business Administration (SBA) Preferred Lender, Renasant Bank can process and approve SBA loans, expediting the application process. SBA loans typically come with competitive interest rates, lower down payments and longer repayment terms, making them more affordable and manageable for borrowers.
SBA Loan Types
An SBA 504 loan is typically used to acquire or refinance commercial real estate financing for owner-occupied properties. These loans require only a 10 – 20% down payment by the small business owner and funding amounts range from $1 million to $20 million. On the other hand, SBA 7(a) loans can be used for multiple purposes, including to buy a business, purchase equipment or a building, refinance other debt and obtain working capital. 7(a) loans are also commonly used to finance startups and franchises. The maximum loan for an SBA 7(a) loan amount is $5 million.
Fees & Information
Some applications may require further consideration, and additional information may be requested. All loans subject to credit approval. Normal credit standards apply.
| SBA 504 Loans | SBA 7(a) Loan | |
| Interest Rate | Fixed | Fixed and Variable |
| Terms |
Real Estate: 20-25 years Equipment: 10 years |
Real Estate: up to 25 years Business Acquisition: up to 10 years Equipment: up to 10 years Workin Capital: 5-7 years |
| Down Payment | 10% Borrower | Minimum 10% (often 20-30%) |
SBA Loans
As a Small Business Administration (SBA) Preferred Lender, Renasant Bank can process and approve SBA loans, expediting the application process. SBA loans typically come with competitive interest rates, lower down payments and longer repayment terms, making them more affordable and manageable for borrowers.
SBA Loan Types
An SBA 504 loan is typically used to acquire or refinance commercial real estate financing for owner-occupied properties. These loans require only a 10 – 20% down payment by the small business owner and funding amounts range from $1 million to $20 million. On the other hand, SBA 7(a) loans can be used for multiple purposes, including to buy a business, purchase equipment or a building, refinance other debt and obtain working capital. 7(a) loans are also commonly used to finance startups and franchises. The maximum loan for an SBA 7(a) loan amount is $5 million.
Fees & Information
Some applications may require further consideration, and additional information may be requested. All loans subject to credit approval. Normal credit standards apply.
| SBA 504 Loans | SBA 7(a) Loan | |
| Interest Rate | Fixed | Fixed and Variable |
| Terms |
Real Estate: 20-25 years Equipment: 10 years |
Real Estate: up to 25 years Business Acquisition: up to 10 years Equipment: up to 10 years Workin Capital: 5-7 years |
| Down Payment | 10% Borrower | Minimum 10% (often 20-30%) |
Meet the Team
Jon Daly
Director of SBA Banking, EVP @ GA-North Fulton
Phone: 678-893-4663Matt Powell
SBA Sales Manager, SVP
Phone: 770-663-1216Chace Hamner
SBA Banker, VPSBA Lending
Phone: 205-725-7445Dany Lee
Government Guarantee Lending Officer, SVP
Phone: 404-266-5151Daniel Park
Government Guarantee Lending Officer, FVP
Phone: 404-461-5486Aneury Hernandez
SBA Banker, VP
Phone: 917-557-5680Dan Thomas
Commercial Relationship Officer
Phone: 404-433-8405Jacob Wadler
SBA Business Development Associate
Phone: 470-389-4761Eric Sievers
SBA Banker, FVP
Phone: 228-596-1701Hannah Layton
SBA Banker, VP
Phone: 813-787-9241Reece Sanford
SBA Senior Banker, SVP
Phone: 706-669-9328
Discover a banking relationship that starts with Understanding You.
College Football's Emergency Room is officially overwhelmed after one of the most chaotic weekends of the season.
Meet David van Alphen and Brian Schmucker of SuckerPunch Pickles. What started as a kitchen experiment became a growing business and a lasting partnership.
Life doesn't slow down, and your banking shouldn't either. With Renasant's digital banking tools, you can securely manage your finances wherever you are, giving you more control and convenience every day.
If you're thinking about buying your first home, here are eight important steps to help you prepare with confidence.
Americans lost an estimated $68 billion to scams last year. At Renasant, we’re committed to helping you spot scams.
Fraud can happen to anyone. Whether it’s an unfamiliar transaction, a suspicious text message or an unexpected phone call from someone claiming to be your bank, realizing you may have been targeted can be stressful.