Business Loans

Get the financing your business needs now and in the future. First Savings Bank knows that you need working capital to survive and thrive and we’re here to help you get the funds you need when you need them.

We work with loans guaranteed by the Small Business Administration and USDA Rural Development. Our loan officers are ready to help you choose the best credit product to help you take your business to the next level.

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Commercial Real Estate Lending

Whether you’re looking to purchase, renovate, or refinance your commercial real estate, First Savings Bank can help you achieve your goals. Our expert commercial lenders provide businesses and real estate investors with the financial solutions they need to grow and thrive. And, with a range of financial products, you can easily find a way to finance any commercial property.

Traditional Commercial Real Estate Loans

Financing for a variety of properties, including office buildings, industrial buildings, multi-family units and retail centers. With a flexible loan structure, borrowers are provided the opportunity to maximize their return on investment.

Construction Loans

Multi-stage loans that use the equity you build into your developments to unlock financing for the next phase of your projects.

Value Add CRE Financing

Bridge loans offer short-term financing designed to help you improve or resell a property when you have an opportunity right in front of you.

Land Development Loans

Loan proceeds are utilized by real estate developers to acquire and develop raw land or unimproved land parcels for future construction.

Investor Owned Residential Real Estate (IORRE) Loans

Financing provided to investors to acquire multiple SFRs, condos and townhomes for investment purposes.

Small Business Administration (SBA) Loans
SBA loans are designed for businesses that are looking to finance any of the following: start-up, acquisition, remodel, expansion, succession, real estate purchase/construction, equipment, leasehold improvements, inventory & working capital, franchise fees, or debt refinance. We offer a full range of commercial banking products to complement SBA lending solutions and our experienced SBA Loan Officers will guide you through the eligibility requirements to determine if an SBA loan is right for your business.

SBA - 7(a) Loans

The 7(a) loan program is one of the most popular loans utilized by small businesses. The use of proceeds may include:

  • Acquisition, expansion, renovation, or construction of Owner Occupied Commercial Real Estate
  • Purchase Equipment & Machinery
  • Working Capital
  • Business Acquisition
SBA - 504 Loans

The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation. The 504 Loan Program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. 504 loans are made available through Certified Development Companies (CDCs). 504 Loans are typically structured with First Savings Bank covering up to 50% of the total project costs, SBA providing 40% of the total project costs, and the borrower contributing 10% of the project costs. Under certain circumstances, a borrower may be required to contribute up to 20% of the total project costs.

The use of proceeds from 504 Loans must be used for fixed assets (and certain soft costs), including:

  • The purchase of existing buildings;
  • The purchase of land and land improvements, including grading, street improvements, utilities, parking lots and landscaping;
  • The construction of new facilities or modernizing, renovating or converting existing facilities;
  • The purchase of long-term machinery and equipment with a useful life over 10 years
The 504 Loan program offers small businesses both immediate and long-term benefits which may include:
  • Up to 90% financing
  • Longer loan amortizations, no balloon payments (Equipment up to 10 years, Real Estate up to 25 years)
  • Fixed-rate interest rates
  • Projects up to $12,000,000
To be eligible for a 504 Loan, your business must be operated for profit and fall within the size standards set by the SBA. Under the 504 Program, a business qualifies if it has a tangible net worth not more than $15 million, and an average net income of $5 million or less after federal income taxes for the preceding two years prior to application. Loans cannot be made to businesses engaged in nonprofit, passive or speculative activities. Project must be at least 51% owner occupied if its an existing building and 60% owner occupied if its new construction.

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Call us toll free at 1-800-555-6895 or by contacting your local branch.

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