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SBA & USDA Loans

SBA Preferred Lender

Central Bank is approved to offer SBA loan products under SBA’s Preferred Lender Program (PLP). PLP is SBA’s highest designation to the most qualified SBA lenders. We offer creative SBA and USDA financing solutions throughout the States of FL and GA. If you’d like additional information on obtaining an SBA or USDA loan from Central Bank, please contact one of the below loan officers.

Chris Tomlinson

Chris Tomlinson, SVP GGL Loan Officer 
Phone: 904.328.9622

Fast Facts on SBA vs USDA Loan Guarantee Programs


SBA 7a USDA Rural Development
LOAN AMOUNTS $5 Million maximum $10 Million maximum (generally)
GUARANTEES 75%
  • 80% on loan amounts under $5 Million
  • 70% on loans between $5 - $10 Million
LOAN TERM
  • 25 years for real estate
  • 15 years or useful life of equipment
  • 7 or 10 years for working capital
  • 30 years for real estate
  • 15 years or useful life of equipment
  • 7 or 10 years for working capital
PROPERTY TYPE Owner occupied commercial property Owner occupied OR investment property
INTEREST RATE Variable Fixed or Variable
PREPAYMENT PENALTY 5%-3%-1% for loan terms over 15 yrs. Negotiated between parties
LOCATION RESTRICTIONS None Must be located in "rural" location outside of metropolitan areas
LENDER'S LOAN FEES None Negotiated between parties
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