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SBA Lending

Our Small Business Administration (SBA) lending experts can make it easy for you to take advantage of sensible alternatives to business funding. As a participant in the SBA's "Preferred Lending Program" (PLP), Fulton Bank's experienced lenders have what it takes to cut through the red tape often associated with business lending.

One of our SBA loan programs could be just the thing you need. To better learn how you can put one of these programs to work for your business, take a quick look at what we have to offer and contact one of our lending representatives today or call 1.877.SBA.FULT (1.877.722.3858).

  • Michael D. Austin
    Vice President
    757.222.2437
    757.498.3658 (fax)

  • Mary E. Smith
    Senior Vice President
    757.222.2415
    757.498.3658 (fax)

  • Valerie Pettaway
    Commercial Loan Officer
    757.222.2442
    757.498.3658 (fax)

SBA loans can be used to provide financing for many reasons, including:

  • Working Capital
  • Inventory and Equipment
  • Business Improvements & Acquisitions
  • Owner occupied Real Estate
  • Furniture & Fixtures
  • Debt Refinance

However, SBA loans cannot be used to:

  • Finance floor plans
  • Purchase speculative real estate
  • Pay delinquent payroll taxes

Eligibility Requirements

Eligibility Criteria can vary from one business to another. However, the following types of businesses are NOT eligible for SBA financing:

  • Business that lend money
  • Pyramid sales plans
  • Illegal activities
  • Gambling activities
  • Charitable, religious, or nonprofit organizations
  • Real estate investments

Key Considerations:

  • Experience
  • Character
  • Equity
  • Collateral

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