Capital/Equipment

Grand Valley Bank is a recognized leader in small business lending in our community.

Call any of our lenders for more information.

Special Loan Programs:

U.S. Small Business Administration (SBA) - Financing is available to assist businesses obtain financing when conventional bank financing is not available with the terms the business needs. The SBA is an agency of the federal goverment.

SBA (7A) Loans - New businesses, businesses undergoing a transition that is negatively impacting their cash flow, businesses that need some special repayment terms or those which lack the required collateral, many times find conventional financing unavailable. In those cases, an SBA (7A) guarantee provides added support that allows the bank to make available the financing with the necessary terms.

7A financing includes loans for equipment, working capital and real estate.

Rates and terms depend on the purpose of the loan and the borrower qualifications.

You will originate your request for SBA financing with your Grand Valley Bank Lender. Once approved by the bank, the lender will forward the request on for the SBA approval. The SBA approval can take several days to several weeks.

Borrowers pay an SBA guarantee fee and bank packaging fees. Ask your lender for details.

SBA 504 Loans - When a business does not have the capital to fund the typical 25% down payment that is required for conventional bank real estate financing, the 504 program can provide financing with as little as 10% down. This program is a partnership between Grand Valley Bank and the SBA. The bank will carry a 1st lien on the real estate while the SBA provides a loan with a 2nd lien. This allows the bank to maintain their loan within their necessary loan to value ranges. In some cases the bank would provide 1st lien financing of up to 50% loan to value while the SBA would provide 2nd lien financing of up to 40%. In that case total financing would be 90%.

The interest rate on the SBA portion of your financing will be fixed at a low interest rate. There are some loan origination costs as well as monthly fees that will apply. The interst rate on the bank portion of the financing will be adjustable.

Colorado Housing and Finance Authority (CHFA) provides term real estate financing for owner occupied commercial buildings with special rates and terms (direct loan program) as well as special rate programs in connection with SBA 7A loans (QIC program). CHFA is a Colorado state agency.

Participation in the propular QIC program provides SBA borrowers with a low fixed rate on the SBA guarantee protion of the loan balance. All other SBA terms are the same.

For details, call or come in to see one of our commercial lenders. Our lenders will explain the options of the various loan programs and help you to decide which is right for you.

U.S. Farm Service Agency (FSA) guarantees provide benefits to agricultural borrowers that are similar to the benefits that the SBA provides for commercial borrowers. The FSA is an agency of the federal goverment.

Colorado Housing and Finance Authority (CHFA) This is a fixed rate, 30 year mortgage.

• It offers below market interest rates.
• To assist with the down payment, there are optional second mortgages with zero interest and no payments until payoff or refinance.
• There are income and price limits.
• CHFA loans can be used to purchase a home - they cannot be used for refinancing.
• CHFA loans are only for owner occupants; they cannot be used to purchase investment properties.

Call any of our lenders for more information.

Grand Valley Locations

Heber Valley Locations