If your family qualifies for the monthly payments under the American Rescue Plan Act, you do not need to do anything. ONLY the IRS will send the payments – anyone trying to ‘help’ you receive your child tax credit is really after your money. The government (IRS) will NEVER call, text, email, or DM you asking for information to process your payment. IRS.gov is the ONLY and FINAL source for information about these payments.
Whether you are looking to start a business, buy one, or just expand the one you already have, you need the experience that comes from many years and thousands of SBA Loans to make sure that your business is poised for maximum success. At R Bank, you get a relationship with a seasoned banker. At R Bank, we live and work in the markets we serve. We are a community bank that understands the opportunities and challenges you face. Contact us to experience the difference.
In some cases, existing businesses may receive up to 100% financing to purchase equipment or borrow permanent working capital. Other loans used to start or purchase a business offer up to 90% financing. An SBA loan allows longer repayment periods to help your cash flow through the critical times when you need it the most. An SBA loan may also help when you have a good business, but not much to offer for collateral, as we work with individuals in those situations to provide the financing needed to grow your business.
SBA 7a loans are the workhorse of the SBA program are available up to $5,000,000 and can be used to:
SBA 504 loans are ideal to finance the purchase of either existing real estate or to buy land and construct new improvements. With low down payments and long-term fixed rates with terms up to 25 years, you will be able to focus on your business and not worry about the rates changing during the term of the loan.
Small Business Boost Fund (SBB): R Bank is a participating member in the Federal Home Loan Bank (FHLB) Small Business Boost Fund (SBB), which may help a qualifying small business with down payment assistance.
United States Department of Agriculture | Business & Industry Loans (USDA B&I): this kind of loan offer assistance to those businesses located or headquarter in towns of less thank 50,000 and offer terms up to 30 years and loan amounts up to $25,000,000.