SBA Loans

Start or expand your business with loans backed by the SBA.

Improve your cash flow & finance growth.

As an SBA Preferred Lender, we can streamline the SBA loan application process, fast-track approval times with our own underwriting, and provide quicker access to funding so your business can get what it needs fast. With affordable rates and longer maturity dates, Small Business Administration (SBA) loans can improve cash flow and help finance growth and expansion. These loans are partially backed by the U.S. Small Business Administration and can offer aggregate amounts of up to $13 million. As a business owner, finding the right funding solutions can be complex. By partnering with The Bank of Elk River, you can have peace of mind knowing a trusted expert will walk you through the process.

  • Get Loans Faster
  • Best Rates & Terms 
  • Custom Loan Packages
  •  SBA Preferred Lender

SBA Loan Programs

We offer several SBA loan programs to help you get a leg up on the competition. 

Standard 7(a)

  • Up to $5 million
  • Ideal for larger projects like startups, acquisitions, expansion, equipment, and/or inventory
  • Refinance conventional debt
  • Up to 100% financing and up to 25 years, fully amortized
  • 7(a) Small Loans for up to $350,000

504 Loans

  • Up to $5 million w/ long-term fixed rates
  • Used for real estate purchases, new construction, new & existing facilities, and/or land development  
  • Up to 90% financing and up to 25 years, fully amortized


  • Up to $5 million
  • Helps businesses meet their short-term and cyclical cash flow needs
  • Seasonal needs, contract work, building costs, and/or businesses unable to meet credit standards

Express Loans

  • Up to $350,000
  • Revolving line of credit
  • Flexible collateral requirements

Choose a lender that’s right for you.

Our business loan experts are here to understand your goals and help you make the best decisions for the future of your business.


Your questions, answered.

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