SBA Coronavirus Disaster Assistance
Minnesota small businesses and private nonprofits are now eligible to apply for SBA disaster loans. Applicants apply directly to SBA’s Disaster Assistance Program.
The SBA is not affiliated with American Bank. The products and services provide by the SBA are not affiliated with American Bank. American Bank Member FDIC and Equal Housing Lender.
American Bank is active in SBA Lending. SBA loans provide attractive interest rates, longer repayment terms, and lower down payments for qualifying businesses. This program is typically used to fund projects such as land and building acquisition/ improvements or refinancing.
- Better interest rates
- Longer repayment terms
- Lower down payments
- Local processing and underwriting
- Personal service
- Experienced loan professionals