As we head into the new year, many small business owners are setting big goals, from purchasing real estate and upgrading equipment to buying out business partners and taking full ownership of their companies.
This December, Centrust Bank, now a division of SmartBiz Bank, is helping business owners turn those resolutions into reality. With customized SBA loan programs, Centrust offers long-term financing, flexible structures, and a hands-on team that guides clients through every step of the process.
Tom Meyer, Executive Vice President of Community SBA Lending, joins The Morning Blend to share how Centrust helps local businesses plan for major milestones and highlight a current client success story where the bank structured a 10-year SBA loan to purchase the business and equipment, and a 25-year SBA loan for real estate. Because the buyer already owned 12% of the company, they were able to purchase the remaining 88% with no money down.
For more information, visit Centrust Bank or Insider94.