SBA
Gala lenders have over 100 combined years of experience in SBA (Small Business Administration) lending. SBA loans include 7(a) loans used for equipment, expansion, or real estate and 504 loans used for real estate and heavy equipment financing.
We can lead you through the SBA process for long-term financing at very competitive rates, extended terms, and limited balloon payments. Additionally, SBA 504 real estate loans can require as little as 10% down payment.
USDA
Gala Bank also has experience with USDA (United States Department of Agriculture) business loans used for rural business development projects as well as with USDA and Florida State farm loan programs.
The USDA business loan program, which is to develop and aid rural area job growth and retention, can be used for a wide variety of types, including real estate, equipment, inventory expansion, and working capital. These loan programs can be an excellent source of financing for certain rural businesses and farm projects.
Contact Us or visit our office for more details