Looks like you’re using an outdated browser.

Please use Chrome, Firefox, or Safari for an optimal experience on this site.

Skip Main Links


An SBA loan may be just what you need for your small business. And as an SBA Preferred Lender, Primis can offer faster processing than you may find at other institutions. Our award-winning loan officers are well-versed in finding and obtaining government-assistance to help your small business achieve your big goals.

SBA Loans

Helping your small business reach big dreams

More Details

  • Available for start-up businesses, as well as purchasing and refinancing existing businesses
  • Government-assisted help for businesses that might otherwise have difficulty getting approved
  • Special financing for qualifying businesses
  • SBA Preferred Lender
    • Loans are processed weeks faster than many other lenders
  • Competitive rates for a wide range of business needs:
    • Commercial real estate purchase
    • Construction
    • Business acquisition or expansion
    • Equipment/inventory purchase
    • Working capital
    • And more
  • A wide range of lending options available
  • Generally lower down payments and extended terms
  • Additional considerations taken when deciding maturity*
  • Local decision-making and processing
  • Detailed, attentive service from start to finish

Types of SBA Loans

Section 7(a)

Loan term is 12 months to 25 years depending on purpose. Startup businesses are eligible. Owners must inject at least 20% of the total project costs. Purposes include: purchase of real estate, construction, renovation or lease-hold improvements, equipment, furniture, fixtures, inventory and in some cases working capital and debt refinance. Primis charges no points on these loans.

504 Program

An economic development program designed to create new jobs or retain existing ones. Benefits include low down payments (as low as 10%); soft costs and loan fees are included in the loan amount, the second trust carries a fixed rate of interest for the entire loan term. New construction is also eligible.

Contract CAPLine Loans

Revolving line of credit with terms of 1 to 5 years. The line of credit is secured by an assignable contract and may be drawn on during the term of contract for direct materials and direct labor costs required to complete the contract. Proceeds of the contract are applied to the draws and the remainder is deposited into the customer’s account. The guaranty fee on a Contract CAPLine can be as low as .25% for a one-year line of credit.

Export Working Capital Loan

This program is designed to help small businesses export their products to the international market. Loan proceeds may be used for materials and labor to fill foreign orders.


Includes Virginia Capital Access Program (VCAP) and Virginia Economic Development Loan Fund. VSBFA also has loan programs for Child Day Care, Environmental Compliance Assistance, Defense Conversion, Industrial Development Bonds and Umbrella Bonds. Please contact one of our loan officers for more information.


This loan program offered through the USDA provides a financing vehicle for rural development. The primary purpose is to create and maintain employment and improve the rural economic climate. Any valid business purpose is eligible for this loan; however, there are geographical and economic criteria. Major benefit is longer loan terms (up to 30 years on real estate and 15 years on machinery/equipment to improve the cash flow of the business).

Beneficial Ownership Requirements

All Primis business account holders will be required, due to regulatory reasons, to provide us with certain information on its Beneficial Owners.

This information must be provided on Primis’ Beneficial Owner Form before a new account can be opened, or any changes can be made to an existing account.

SBA Lunch & Learns

Check back for upcoming events!

All loans are subject to approval.

Let's Connect

Have a question? Don’t be a stranger. We can help and we’re here for you 24/7. Call, text, email, carrier pigeon. Whatever you want.

Call Us 1-833-4PRIMIS (833-477-4647)

E-mail Us [email protected]

Chat With Us

More from Primis

Interested in this or similar products?

Request Info

Find a branch near me.