Access to the right financing can be the difference between staying stuck and scaling with confidence. At ChoiceOne Bank, we’re proud to be a Preferred SBA Lender, helping small and mid-sized businesses secure flexible, long-term financing through SBA loan programs designed to support growth, stability, and opportunity.

What Does It Mean to Be a Preferred SBA Lender?

As a Preferred SBA Lender, ChoiceOne Bank has earned the Small Business Administration’s highest level of lending authority. This allows us to make faster credit decisions, streamline the approval process, and provide a smoother experience for our business clients, without unnecessary delays.

In short: less red tape, quicker answers, and a banking partner who understands your goals.

SBA 7(a) Loans: Flexible Financing for Growing Businesses

The SBA 7(a) loan program is the SBA’s most popular option and for good reason. It offers flexibility that works for a wide range of business needs.

Who can benefit?

• Startups and established businesses
• Business owners looking to expand or stabilize cash flow
• Companies refinancing existing debt to improve financial health

Common use cases include:

• Purchasing or refinancing real estate
• Acquiring another business
• Buying equipment or inventory
• Working capital for day-to-day operations
• Renovations or leasehold improvements

With longer terms and competitive rates, SBA 7(a) loans are ideal for
businesses that want room to grow without overextending their cash flow.

SBA 504 Loans: Long-Term Financing for Fixed Assets

If your business is focused on long-term investment, the SBA 504 loan program may be the right fit. These loans are designed specifically for major fixed assets.

Who can benefit?

• Businesses planning to purchase or construct owner-occupied real estate
• Companies investing in large equipment or machinery
• Owners looking for predictable, long-term payments

Common use cases include:

• Buying or building commercial property
• Expanding facilities
• Purchasing heavy equipment

SBA 504 loans typically offer lower down payments and fixed interest rates, making them an attractive option for businesses investing in their future.

A Local Bank. A Strategic Partner.

At ChoiceOne Bank, SBA lending isn’t just about financing, it’s about relationships. Our experienced commercial lenders work alongside entrepreneurs to create customized SBA loan solutions that empower long term success. 

Whether you’re planning your next expansion, purchasing property, or strengthening your financial foundation, working with a ChoiceOne Preferred SBA Lender can make all the difference.

Let’s talk about how ChoiceOne Bank can help move your business forward.

Connect with one of our SBA Lenders here: Meet the Team.

All loans are subject to credit approval.