Hampton State Bank recognizes the challenges facing business owners and operators.  

SBA 7(a) Loans are available and may be used to:

• Start a new business
• Expand an existing business
• Purchase an existing business
• Purchase land for construction
• Construct a new building
• Purchase raw materials or inventory
• Purchase furniture or fixtures
• Purchase machinery or equipment
• Make leasehold improvements
• Provide working capital
• Refinance debt

SBA Regular 7(a) Loan Program

• Maximum loan amount of $2 million
• SBA guarantees up to 85% on loans of $150,000 or less
• SBA guarantees up to 75% on loans over $150,000
• Loan terms from 7 to 25 years, depending upon collateral
• Loans may be scheduled for monthly, quarterly, semi-annual or annual payment depending on the type of business

The SBA 504 Loan Program is utilized to finance existing, expanding and start-up businesses located in Iowa.

• Loan amount may be the lesser of $1,500,000 ($2 million in certain situations) or 40% of project costs
• Fixed asset loans including land, building, equipment, which will allow a business to create new jobs
• Low down payment
• Fixed rate, long-term financing
• Preserves business cash to fund continued growth
• Hampton State Bank works with certified development company (CDC)
• Hampton State Bank loans 50% of project costs
• CDC issues SBA backed debentures for 40% of project costs
• Borrower provides minimum of 10%  *
• Real estate loans are 20-year term; machinery and equipment loans are 10 or 20-year term

* May be more in some instances 

Interest Calculator

Contact our loan experts, Ron Raney or Blaine Lenz, to apply for or inquire about an SBA loan.

At Hampton State Bank, we're working smarter for you!

Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What that means for you:  When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.  We may also ask to see your driver's license or other identifying documents.