Small Business Lending

HomeTrust Bank is a national SBA 7(a) Lender providing financing solutions to business owners with maximum loan amounts up to $5 million. As a PLP Preferred Lender, HomeTrust Bank can help you find the right financing solution for your business.

Typical loan purposes include:

Business Acquisitions – Up to 90% of total acquisition/project costs supported by an independent business valuation. Financing available up to a 10-year term.
Owner Occupied¹ Commercial Real Estate – Up to 90% financing of the total acquisition/project costs supported by a commercial real estate appraisal. Financing is available up to a 25 year term with no balloon. The loan structure can be blended to include improvements, equipment, and other needs.
Debt Consolidation/Refinance Existing Business Debt – No collateral coverage requirements unless dictated by the SBA SOP; typically a blanket lien on all business assets or any assets financed by the original use of the loan proceeds being refinanced is required. Financing is available up to a 10-year term on non-real estate collateral/use of proceeds and up to a 25-year term on eligible commercial real estate.
Business Expansion – Financing typically up to 90% of the total project costs with no collateral coverage requirements unless dictated by the SBA SOP. Typically a blanket lien on all business assets or any assets financed by the loan proceeds is required. Financing is available up to a 10 year term. Use of proceeds can include leasehold improvements, equipment, inventory and working capital.
Equipment Financing – Up to 100% of invoice on new equipment purchases, including freight, sales tax, and closing costs.
One loan can include several uses of proceeds, including closing costs and working capital.
There is no prepayment penalty on loan terms less than 15 years and typically there are no standard loan covenants.
Construction to Permanent Financing is available through the SBA 7(a) Guaranty Program.

Eligible industries may include, but are not limited to:

Assisted Living
Auto Repair
Franchises
Gas Stations
Hotels
Insurance Agents

Investment Advisors
Medical & Dental
Office Buildings¹
Professional Services
Skilled Nursing
Quick Lube

Find an SBA lender now.

Muktar Ali

SBA Business Development Officer

Nationwide¹

Amy Amorose

SBA Lending Sales Mgr

Nationwide¹

Brett Atkins

SBA Lending Sales Manager

Nationwide¹

Chamois Campbell

SBA Business Development Officer

Nationwide¹

Sanjay Dave

SBA Business Development Officer

Nationwide¹

Joe Hendryx

SBA Business Development Officer

Nationwide¹

Benjie Lanier

SBA Business Development Officer

Nationwide¹

Christopher McFatter

Director of SBA Lending

Nationwide¹

Sanjay Mishra

SBA Business Development Officer

Nationwide¹

Chan Patel

SBA Business Development Officer

Nationwide¹

USDA Business and Industry Guaranteed Loan Program

HomeTrust Bank is an USDA Business and Industry (B&I) Lender, providing financing solutions across the country to business owners with maximum loan amounts up to $25 million in rural areas including cities and towns with a population less than 50,000. The USDA B&I Loan Program may provide businesses that qualify with a higher loan amount and longer repayment terms.

Maximum term:

Up to 7 years for working capital.
Up to 15 years for machinery and equipment (or useful life).
Up to 30 years for commercial real estate (or useful life).

Appraisals:

All collateral must secure the entire loan and Borrower Equity requirements must be met.
Bank ordered appraisal reports prepared by qualified appraisers are required on all property that will serve as collateral.

Borrower equity required:

Minimum of 10% tangible balance sheet equity required for existing businesses.
Minimum of 20% tangible balance sheet equity required for start-up businesses.
Equity is calculated from GAAP compliant financial statements.
Feasibility studies may be required.

Typical loan purposes include:

Business and industrial acquisitions, construction, conversion, repair, expansion, modernization or development costs.
Purchase equipment, machinery or supplies.
Start-up costs and working capital.
Processing and marketing facilities.
Pollution control and abatement.