American Bank will be closed on Thursday, June 19th for Juneteenth.
Please use our Night Depositories or ATMs in Mandeville, Covington, Terrytown, Hammond and Coushatta for deposits. All ATMs are available for withdrawals. ACH and Mobile Deposits will not be processed until the following day.
SBA Lending
#1 SBA Lender in Louisiana!1
Empowering Your Small Business Growth with SBA Loans
At American Bank, we understand the challenges and opportunities small businesses face in Louisiana. Whether you're a startup, an expanding business, or a well-established company, securing financing is crucial for your business’s growth and sustainability. That's why we're proud to be the #1 SBA Lender in Louisiana1, offering specialized loan programs through the Small Business Administration (SBA).
These government-backed loans help small businesses access capital with favorable terms, enabling you to build your business, hire employees, purchase equipment, or expand your operations. Our local team of experts is here to guide you through the application process and ensure that you receive the right financing solution for your business.
SBA Loans: A Key Resource for Small Businesses
SBA Loans are designed to help small businesses access affordable financing, often when traditional financing options are unavailable. These loans are backed by the Small Business Administration, which means the government guarantees a portion of the loan, reducing the risk for lenders and allowing businesses to secure funding with lower interest rates and more flexible terms.
BENEFITS OF SBA LOANS
- Lower Down Payments: SBA loans typically require lower down payments than conventional loans.
- Longer Repayment Terms: With extended terms, SBA loans allow businesses to make manageable monthly payments.
- Lower Interest Rates: SBA loans often come with more competitive interest rates, saving you money over time.
Types of SBA Loans Available
SBA 7(a) Loans
The SBA 7(a) loan is the most common and flexible loan program, ideal for businesses seeking working capital, purchasing equipment, refinancing debt, or expanding operations. It offers competitive interest rates and long repayment terms.
- Loan Amount: Up to $5 million
- Repayment Terms: Up to 25 years for real estate, 10 years for equipment, and 7 years for working capital
- Use: Working capital, equipment purchase, real estate, debt refinancing, and more
SBA 504 Loans
SBA 504 loans are designed for businesses looking to purchase or improve real estate or major equipment. This program provides long-term, fixed-rate financing, making it an excellent option for businesses looking to expand their operations with new assets.
- Loan Amount: Typically up to $5.5 million
- Repayment Terms: Up to 20 years
- Use: Real estate purchase, construction, and equipment
SBA Microloans
SBA Microloans provide smaller loan amounts to help small businesses and startups. These loans are ideal for working capital, inventory, supplies, and equipment purchases. While smaller than the 7(a) and 504 loans, they offer significant benefits for smaller businesses in need of financing.
- Loan Amount: Up to $50,000
- Repayment Terms: Typically up to 6 years
- Use: Working capital, inventory, and equipment
The SBA Loan Application Process
Step 1: Consultation
Start by meeting with one of our experienced loan officers who will work with you to determine the best loan program for your business needs.
Step 2: Documentation
We’ll help you gather the necessary documentation, including your business financials, personal tax returns, and other supporting documents. Having this ready will streamline the process.
Step 3: Loan Approval
Once we’ve reviewed your documents and assessed your needs, we’ll present you with loan options and move forward with the approval process. We’re committed to quick turnaround times to get your funding in place.
Step 4: Disbursement and Support
Once your loan is approved, we will disburse the funds according to the terms of your loan. Our team will continue to support you throughout the life of your loan, ensuring that your business remains on track to meet its goals.
Get Started with SBA Loans Today
American Bank is here to support your business with the financing you need to grow and succeed. Whether you're looking for an SBA 7(a) loan or any other type of commercial lending, we’ve got you covered. Our team of local experts is ready to help guide you through the process and provide personalized service every step of the way.
Learn more about our SBA loan options and find out how we can help your business achieve its full potential.
Why Choose American Bank for SBA Loans?
Local Expertise
At American Bank, we pride ourselves on being deeply rooted in the Louisiana community. Our team has a deep understanding of local businesses and the challenges they face. We are dedicated to helping your business thrive by offering personalized lending solutions backed by SBA programs.
Fast and Easy Process
We know that time is crucial when it comes to business financing. Our streamlined process allows us to quickly assess your needs, provide guidance, and offer fast loan approvals. We work with you every step of the way to ensure that you get the financing you need when you need it.
Competitive Rates and Flexible Terms
American Bank offers competitive rates and flexible terms to help you achieve your business goals. We tailor our loan options to meet the specific needs of your business, whether you’re purchasing equipment, refinancing debt, or expanding operations.
Meet Our Team
Janelle Givens
(318) 932-5776
NMLS# 946555
Apply Now
Brandi Harris
(985) 230-2321
NMLS# 685997
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Vicky Talley
(985) 773-1229
NMLS# 539737
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Melissa LeBlanc
(985) 801-4026
NMLS# 950718
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1 By number of loans, per SBA ranking as of September 30, 2024