We can help your small business grow

SBA Lending

Ever since we opened our doors, M&F Bank has been committed to helping small businesses reach their dreams and aspirations. As a Small Business Administration lender, we provide many loan options to help you meet your goals.

M&F Bank’s SBA loans feature low down payments, affordable financing, longer repayment terms and fewer collateral requirements.

Plus, with our dedicated and experience local support team and our SBA loans backed by the federal government, you’ll have peace of mind knowing that your business is in just the right hands.

Let our experienced commercial lenders guide you to the loan program that’s right just for you.

What SBA loan products does M&F Bank offer?

M&F Bank offers SBA 504 and 7(a) loan products. Each product has varying requirements and terms:

SBA 504 Loan

SBA 504 Loans offer long-term, fixed rate financing up to $5 million for major fixed assets. 


Eligibility Requirements:

To be eligible for a 504 Loan, the following requirements must be met:

● Your business must operate as a for-profit company in the United States (non-profits are not eligible).
● Your business must have a net worth of less than $15 million
● For the preceding two years prior to applying for a 504 Loan, your business must have a net income of less than $5 million.

There are other general eligibility guidelines relevant to the size of your business, your business plan, and your ability to repay the loan. Read more on eligibility requirements here.

How Your Business Can Use a 504 Loan:

A 504 Loan can be used to purchase or construct:

● Existing buildings or land
● New facilities
● Long-term machinery and equipment


The improvement or modernization of:

● Land, streets, utilities, parking lots, and landscaping
● existing facilities

A 504 Loan cannot be used for:

● Working capital or inventory
● Consolidating, repaying, or refinancing debt
● Speculation or investment in rental real estate

SBA 7(a) Loan

The 7(a) Loan Program is the SBA’s primary program for providing assistance to small businesses with special requirements with loan amounts up to $5 million. This is the best option for when real estate is a part of a business purchase, but can also be used for:

● Short- and long-term working capital
● Refinance current business debt
● Purchase furniture, fixtures, and supplies 

M&F Bank’s minimum loan amount is $150,000.


Eligibility Requirements:

To be eligible for an SBA 7(a) Loan, your business must:

● Operate for profit
● Be considered a small business, as defined by the SBA
● Be engaged in, or propose to do business in, the United States
● Have reasonable invested equity
● Use alternative financial resources, including personal assets, before seeking financial assistance
● Be able to demonstrate a need for a loan
● Use the funds for a sound business purpose
● Not be delinquent on any existing debt obligations to the U.S. government

Some businesses may not be eligible for a7(a) loan. Read more about ineligible businesses here

How your business can use a 7(a) Loan:

An SBA 7(a) Loan can be used to:

● Long- and short-term working capital
● Revolving funds based on the value of existing inventory and receivables
● The purchase of equipment, machinery, furniture, fixtures, supplies, or materials
● The purchase of real estate, including land and buildings
● The construction a new building or renovation an existing building
● Establishing a new business or assisting in the acquisition, operation or expansion of an existing business
● Refinancing existing business debt, under certain conditions

Our Team

Durham Area

Daniel Bellamy

Daniel Bellamy

Relationship Manager | SBA & Business Loans


Raleigh Area

Soberina Traywick

Soberina Traywick

Relationship Manager | SBA & Business Loans


Greensboro Area

Damien Gorham

Damien Gorham

Relationship Manager | SBA & Business Loans


Winston-Salem Area

Evelyn Acree

Evelyn Acree

Relationship Manager | SBA & Business Loans


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