BMT is a preferred lending partner of the SBA and has participated in the program since 1993. What does this mean for your business? It means you have a trusted, knowledgeable partner to help you navigate the often-complex requirements of the Small Business Administration.
If you are considering SBA lending for your business financing options, we can offer the financing assistance you need with the expertise you deserve.
Our typical SBA clients are existing businesses seeking more than $500,000 for:
- Business acquisition
- Partner buyouts
- Refinance debt
- Expand business
- Renovate existing properties
- Higher LTV real estate loans
Recently-funded BMT SBA financing deals
Damage Restoration Franchise
$5,000,000 Business Acquisition Loan
HVAC Company
$4,585,000 Partner Buyout Loan
Purchase of a Manufacturers’ Representative
$2,950,000 Business Acquisition Loan
Multiple-location Child Education Services Company
$3,300,000 Business Acquisition and Real Estate Loan
Insurance Agency
$1,500,000 Real Estate Acquisition and Debt Refinance Loan
Multiple Salad Franchise Locations
$600,000 Leasehold Improvement Loan
Real Estate Loans up to $5 million
- Up to 100% financing
- Maximum of 25 years full amortization
- Owner must occupy at least 51% of an existing building
Business Loans up to $5 million
- Business Acquisition
- Up to 90% financing (10% cash down)
- Up to 10 years fully amortized
- Debt Refinance
- Up to 25 years fully amortized for real estate
- Up to 10 years fully amortized for non-real estate
During the COVID-19 pandemic, BMT originated more than 1,800 SBA PPP loans for more than $300 million dollars, helping businesses keep thousands of individuals on the payroll. Our commitment to business and the community is so strong, we were one of a small number of banks nationwide to open our PPP opportunities up to clients and non-clients alike.
This commitment and drive to helping businesses, through SBA lending, remains true. We are here to serve your business needs: today, tomorrow, and always.
Restaurant Revitalization Fund
The U.S. Small Business Administration (SBA) began accepting applications for funding under the Restaurant Revitalization Fund on May 3, 2021. Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11, 2021, the Restaurant Revitalization Fund provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Funds must be used for allowable expenses by March 11, 2023. If you are interested and an eligible businesses, you must apply directly with the SBA.
For more information, visit sba.gov/restaurants or in Spanish at sba.gov/restaurantes.
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