Small Business Center SBA & USDA Government Guaranteed Loans

Four Oaks Bank is committed to fostering the success of local businesses and government guaranteed loans through the Small Business Administration (SBA) or the United States Department of Agriculture (USDA) are just two of the resources available.  Whether you are preparing to start a new business or expanding your established business, our SBA&USDA professionals are here to assist you.

Mike Wooten Jerry Thornton
 Shannon Johnson  
Mike Wooten
SVP, Commercial Banker
SBA & USDA Specialist
NMLS #583725
919-938-6301
Serving: Smithfield, Benson,
Four Oaks, Wallace, Harrells 
Email Mike

Jerry Thornton
SVP, Commercial Banker
SBA & USDA Specialist
NMLS #583721
919-359-3748
Serving: Clayton, Garner
Email Jerry

Shannon Johnson
VP, Commercial Banker
SBA & USDA Specialist
NMLS #583698
910-230-3775
Serving: Dunn. Fuquay, Holly Springs, Southern Pines, Zebulon
Email Shannon

  
Features SBA (7a) Loan Program
 USDA B&I Guaranteed Loan Program
Loan Size
  • Up to $5,000,000
  • Up to $10,000,000
Guarantee
  • Up to 75% guarantee
  • Up to 75% guarantee
Interest Rates
  • Fixed, Variable or Combination
  • Fully Amortized – No Balloon
  • Index:  WSJ Prime
  • Fixed, Variable or Combination
  • Fully Amortized – No Balloon
  • Index:  WSJ Prime
Loan Term
  • Real Estate – up to 25 years
  • R/E improvements – up to 25 years
  • Equipment – up to 15 years
  • Leaseholds – up to 10 years
  • Working Capital – up to 7 years
  • Real Estate – up to 30 years
  • R/E improvements – up to 25 years
  • Equipment – up to 15 years
Use of Loan Proceeds
  • Purchase Land & Building
  • Construction, Renovations, or Leasehold Improvements
  • Furniture & Fixtures
  • Machinery & Equipment
  • Inventory & Working Capital
  • Refinance Existing Debt
  • Purchase Land & Building
  • Construction or Renovations
  • Machinery & Equipment
  • Refinance Existing Debt
Loan Fees
  • Vary based on loan size, guaranteed portion and qualification
  • See one of our SBA professionals for details
  • Vary based on loan size, guaranteed portion and qualification
  • See one of our USDA professionals for details
Job Creation
  • None
  • Subject to USDA criteria
Percentage Financed
Up to:
Up to:
Real Estate
  • 90%
  • 90%
Equipment
  • 85%
  • 85%
Furniture & Fixtures
  • 80%
  • N/A
Accounts Receivable
  • 80%
  • N/A
Inventory
  • 80%
  • 80%
Forms →
SBA Application & Additional Forms
USDA Application & Additional Forms

Note:  Ask your Four Oaks Bank Business Banker about additional SBA loan programs.

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