Just like a racecar needs a driver, a pit crew, and fuel to win a race, your small business needs an owner (you), a support team (the John Marshall Bank SBA Team), and fuel (an SBA 7(a) loan) to reach the finish line of your business goals. In partnership with the US Small Business Administration, we offer specially designed loans called SBA 7(a) loans to small businesses throughout the DC Metro Area. Whether you’re just starting out, looking to expand, or aiming to grow, an SBA 7(a) loan is the right financial tool to shift your business into high gear.
Rely on a Preferred Lender for Your Business
John Marshall Bank has earned Preferred Lender status, a designation only given to lenders with a history of success, by the SBA, enabling the Bank to make loan decisions in-house without the SBA’s direct approval. This means small business owners can gain faster access to funds with a streamlined application process through our LendUX platform for loans of $500,000 and under.
Financial institutions with Preferred Lender status are proven to be both efficient and successful when it comes to administrating, processing, and completing SBA 7(a) loans. What does that mean for business owners? When you apply for an SBA 7(a) loan with John Marshall Bank, you can expect expert service that will follow you throughout the life of your loan.
Qualifying for an SBA 7(a) Loan
In order to qualify for an SBA 7(a) loan, your business must reach certain requirements as outlined by the SBA which include:
- Be an operating, for profit, business
- Be located in the US
- Meet the SBA’s business size and business type requirements
- Meet specified credit requirements
- Demonstrate a reasonable ability to repay your SBA 7(a) loan
More information on these requirements and more can be found by contacting JMB’s SBA team.
Putting your SBA 7(a) Loan into Full Gear
As you ramp up your small business, an SBA 7(a) loan provides the ideal acceleration needed to take your business places and can be used for:
- Real estate purchases – for your first building, your second, and on
- Financing buildouts and leasehold improvements
- Funding permanent working capital
- Purchasing furniture, fixture, machinery, and equipment
- Acquiring inventory
- And more
Driving your Business with a Pit Crew
Just as a championship, winning driver is supported by an expert and speedy pit crew, when you secure an SBA 7(a) loan with JMB, your business gets the support of our responsive, efficient, and expert SBA team. Our team will work with you throughout the lifetime of your loan and beyond so you can put your foot down and focus on what you do best: driving your business to success. We’ll be a phone call or email away and ready to offer unique financial solutions, workshops, and top of the line fraud prevention tools to get your business on the podium, and keep it there. When you partner with JMB you’re working with an award winning bank – recognized as the top bank with asset size between $1 billion to $5 billion and the second best bank across all asset size categories in Bank Director’s 2023 RankingBanking study – that’s invested in the success of your business.
Start operating at full speed and contact our SBA team today.
Client: Family History Intelligence
About: Family History Intelligence is a boutique family history small business that specializes in genealogical research and provides its customers with narratives for each ancestor including photos, documents, and historical context all presented on a private family history website.
More Small Business Testimonials
Client: Snouts & Stouts Indoor Dog Park and Bar
About: Snouts & Stouts is an indoor dog park and bar located in Arlington, VA with staff who are Certified Professional Animal Care Providers (CPACP) by the Professional Animal Care Certification Council (PACCC).