SBA Lending

Posted on April 15, 2011. Filed under: Kevin Johnsrud |

Denmark State Bank is proud to participate within the SBA lending programs. SBA stands for small business administration and the lending programs it offers benefits both the customer and the lending institution. For the banks, a guaranty on a portion of the total loan amount reduces the risk a lending institution takes on. For the customer, the various programs can reduce monthly payments by amortizing (stretching) payments out over a longer period of time and along with the guaranty reduces the risk the bank will take on.

Various programs exist depending on the need of the customer. There are also special programs available to veterans. The SBA programs are ideal for customers who are looking at starting a business, expanding an existing business, refinancing existing business debt, or purchasing an existing business.

Denmark State Bank is excited to take part in the SBA lending programs and feel we can help both existing and new customers meet their financial needs by offering this service and programs.

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