Small Business Loans Here!

Small Business Resources is an affiliate of Citizens Bank. Citizens Bank is the Tri-Cities number one SBA lender and a Preferred SBA Lender nationwide with the U.S. Small Business Administration. For more information about Citizens Bank, click on CBTRI.
Small Business Resources, Inc.
P.O. Box 1900
Elizabethton, TN37643-1496
Telephone: (423) 547-2072
Fax: (423) 547-8424

• Loans from $50,000 and up
• Terms to 25 years
• Construction Financing Available

Experience and Knowledge
The professionals at Small Business Resources (SBR) are veterans when it comes to SBA lending. We understand the unique needs of small businesses and can provide financing through the SBA loan programs where conventional lending resources might not be available.
SBR provides long-term financing through the U.S. Small Business Administration's 7-A and 504 Loan Program. Just when you thought there was no alternative for your
financing needs, SBR is here to help!

The Benefits of an SBA Loan
SBA loans offer long-term repayment of up to 25 years. New businesses can be financed.
Projections and proformas can be considered when analyzing repayment ability. Many
types of businesses and loans for many reasons can be considered.
With an SBA loan there are:

• No balloon payments.
• Straight-line amortized so you can plan for a steady repayment schedule

Lending Criteria
The basic criteria that make up any qualified loan application are considered:

• Good credit history
• Business management experience
• Repayment ability
• Sufficient collateral and equity

While guidelines may be broad and different according to each applicant, an individual loan will be considered on its own merit.

Loan Request Form

Available by calling SBR at (423) 547-2072 or request by e-mail at tish.campbell@citizensbank24.com.

Q & A About Small Business Loans Through Small Business Resources, Inc.

Q What is the amount that Small Business Resources, Inc./Citizens Bank would lend for a project?
A The loan limits are $50,000.00 and up. SBR/Citizens Bank provides financing through the Small Business Administration 7-A and 504 Loan Program.

Q What would the term of this loan be?
A The term of the loan is based on a weighted average derived from the Use of Proceeds. The term could be anywhere from 7 to 25 years, depending on what the proceeds will be used for.

Q Interest rate?
A Interest rates are competitive rates based upon "Wall Street Prime Rate". Pricing of a rate is RISK related and is determined after evaluating all factors of a proposed project.

Q Does SBR offer a fixed or floating rate?
A SBR offers a floating rate with monthly payments adjusted quarterly on 7A loans and fixed or variable rates on 504 loans depending on the customer’s desire.

Q What does SBR require as far as security?
A Under most circumstances, SBR requires real estate collateral or marketable securities to collateralize the loan. In addition, a security interest will be taken on furniture, fixtures, machinery and equipment if available.

Q Loan to value ratio?
A This ratio may vary from 80% to 115% dependent on the financial strength of the borrowers.

Q Are there any additional costs associated with the financing?
A SBR charges a $2,000 packaging fee on 7-A loans only after a preliminary loan commitment is made. In addition, there is the standard closing cost. SBR charges no lender points on 7-A loans.

Q Processing time with an SBA loan can take a while. How long does it
typically take to get an answer?
A The process of obtaining an SBA loan depends greatly on how motivated the applicant is. Citizens Bank is recognized as a nationwide PLP lender and the turn-around is minimum.

Q What is required to apply for a loan from SBR?
A The information needed to apply for a loan varies depending on each situation. Items such as financial statements, tax returns, personal resumes and business history will always be required. SBR provides you with a checklist of all items needed. Loan applications available by calling (423) 547-2072 or e-mailing tish.campbell@citizensbank24.com.

Q Is there anything else I need to know about the process?
A SBR currently is a nationwide lender. We can handle your construction financing needs through a one-time closing under the SBA Lending Programs. In addition, SBA requires every commercial property to have an EPA test.  Tax verification is required on all applicants and affiliates.