Explore the benefits of government-backed small business loans.
As an SBA lender, we provide many loan options to help you meet your goals. SBA loans feature low down payments, affordable financing, longer repayment terms and fewer collateral requirements.
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
• 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.
How Your Business Can Use an SBA 504 Loan
A 504 Loan can be used to purchase or construct:
• Existing buildings or land
• New facilities
• Long-term machinery and equipment
Or the improvement or modernization of:
SBA 504 Loans 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 an SBA 7(a) Loan
An SBA 7(a) Loan can be used for:
• 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
Explore the benefits of government-backed small business loans.
SBA loans feature low down payments, afforadable financing, longer repayment terms and fewer collateral requirments.
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.
How Your Business Can Use an SBA 504 Loan:
A 504 Loan can be used to purchase or construct:
• Existing buildings or land
• New facilities
• Long-term machinery and equipment
Or the improvement or modernization of:
• Land, streets, utilities, parking lots, and landscaping
• Existing facilities
SBA 504 Loans cannot be used for:
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:
Some businesses may not be eligible for a7(a) loan. Read more about ineligible businesses here.
How your business can use an SBA 7(a) Loan:
An SBA 7(a) Loan can be used for:

Baylor Pait
SBA Business Development Officer
Baylor Pait serves as an SBA Business Development Officer for M&F Bank, helping small business owners nationwide get the capital they need to succeed financially. He has multiple years of experience in the SBA sector, which allows him to provide a unique insight into the SBA lending process and how to serve his clients best.
Dedicated to helping serve small businesses with the support of the SBA program, Baylor takes a hands-on approach with his borrowers and referral partners. He understands the intricacies of SBA rules and regulations and guides his clients every step of the way while delivering exceptional customer service, transparency, and time-efficient processes.

Baylor Pait serves as an SBA Business Development Officer for M&F Bank, helping small business owners nationwide get the capital they need to succeed financially. He has multiple years of experience in the SBA sector, which allows him to provide a unique insight into the SBA lending process and how to serve his clients best.
Dedicated to helping serve small businesses with the support of the SBA program, Baylor takes a hands-on approach with his borrowers and referral partners. He understands the intricacies of SBA rules and regulations and guides his clients every step of the way while delivering exceptional customer service, transparency, and time-efficient processes.