Northpointe Bank offers Small Business Administration (SBA) loans for:
• Net income must be under $2 million
• Tangible net worth must be under $6 million
Northpointe Bank, working in partnership with various national SBA lenders, offers total financing packages up to $5 million. Variable and fixed interest rates for SBA 504 loans are available. The actual rate will be determined by a number of factors, including the project size, projected loan term and the borrower's credit profile, but the rate will never exceed The Wall Street Journal prime rate, plus 2.75%, as specified by the SBA.