SBA Loans

Wilson & Muir offers a variety of loan programs guaranteed by the Small Business Administration.  These government-backed loans allow businesses, who may not qualify for bank financing, a number of options for funding start up costs, equipment financing, inventory, real estate, construction,  and many other costs associated with business growth.

7a LOANS

  • Maximum loan amount $2,000,000
  • Maturity – Generally 5 – 10 years for working capital, machinery & equipment; up to 25 years for construction, real estate

CAPLines

  • Short-term & revolving lines of credit similar to the  7a Loans except the CAPLines are  used to finance seasonal working capital needs
  • Maturity – up to 5 years

504 Loans

  • Maximum loan amount ranges from $1,500,000 to $4,000,000 depending on the project
  • Long-term fixed asset loans provided through Certified Development Companies, which are licensed by the SBA
  • Maturity – 504 Loan: 10 or 20 year term; Lender financing may have a shorter term

In 2007, Wilson & Muir was approved to offer three new SBA Loan Guaranty Programs:  SBA Express; Community Express and Patriot Express.   These products can be either term loans or lines of credit and approval may be obtained within 24 hours.

Community Express

  • For businesses located in low or moderate income rural or urban areas; or, owned by a minority, woman, or veteran.
  • $250,000 Maximum Loan amount; Loans $25,000 or less may be unsecured
  • Technical assistance must be provided to the applicant through an approved Technical Assistance advisor (i.e. Small Business Development Centers & SCORE).  This is a free service to the applicant and is particularly beneficial to a start-up company.

SBA Express

  • $350,000 maximum loan amount
  • Maturities up to 7 years for revolving lines of credit, to 10 years for working capital, machinery and equipment and up to 25 years for construction and real estate.

Patriot Express

  • Applicable to veterans, members of the military (active & reserves) and their spouses
  • $500,000 maximum loan amount
  • Maturities up to 7 years for revolving lines of credit, to 10 years for working capital, machinery and equipment and up to 25 years for construction and real estate.

Contact a loan officer at your local WMB office for more details:

Main Office, Bardstown Davis Huston 502.348.5996
WMB Plaza, Bardstown Jeff Dickerson 502.348.2265
Elizabethtown Jeff Blair 270.769.5099
Vine Grove Darin Logsdon 270.877.2116
Leitchfield Ryan Bratcher 270.259.9372
Louisville Karen McGraw 502.454.5400
Louisville Lee Guillaume 502.454.5400


testimonial photo

I moved to this area in 1991, and I’ve been banking with Wilson & Muir ever since. The entire staff is friendly, efficient, and has done everything they can to help our business. It’s just like the “Cheers” television show: Everybody at Wilson & Muir knows your name.

Dale Depoyster, Owner
Three Springs Farm
Big Clifty

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