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The Small Business Administration (SBA) is a federal agency committed to furthering the growth and development of small businesses. One of the ways it does this is by guaranteeing loans to small businesses made through lending partners nationwide. 

SBA loan products can streamline small business loan requests, fund start-up business operations, working capital, account receivable capital and small business expansions.  

Benefits:

  • Lower down payment options (as low as 10%)
  • Longer loan term options (up to 25 years) with no balloon provisions
  • Financing available even for businesses in the early start-up stages

For more information, email a Business Service Representative or call 207-854-6000 ext. 4140

Paycheck Protection Program (PPP) borrowers may now apply for loan forgiveness. The loan forgiveness form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:

  • Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
  • Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the 24-week period after receiving their PPP loan
  • Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness

Please note: you may only apply for PPP loan forgiveness with Infinity FCU if you previously secured your PPP loan with us. For PPP Loans secured at another institution, please contact your lender for forgiveness details. 

For loan forgiveness applications and helpful resources, click here.

SBA Express is ideal for businesses that want to improve cash flow, refinance debt, or fund improvements or equipment. It offers longer terms and lower down payment requirements than conventional loans.

Benefits:

  • Borrow up to $350,000 
  • Use funds for business acquisition, equipment acquisition, commercial real estate, commercial vehicles, expansion, renovation, or working capital
  • Refinance existing eligible business debt or other expenses
  • Enjoy low rates and excellent service from professional experts

For more information, email a Business Service Representative or call 207-854-6000 ext. 4140

SBA 7(a) Loan is available for eligible borrowers just starting, acquiring or expanding a small business.

Benefits:

  • Borrow from $100,000 to $5,000,000
  • Use funds for business acquisition, equipment acquisition, commercial real estate, commercial vehicles, expansion, renovation, or working capital
  • Refinance existing eligible business debt or other expenses
  • Enjoy low rates and excellent service from professional experts

For more information, email a Business Service Representative or call 207-854-6000 ext. 4140