SBA PLP Lenders
U.S. Small Business Administration Preferred Lender Program Lenders
The U.S. Small Business Administration (SBA) has granted 34 of Capitol Bancorp's affiliate banks Preferred Lender Program (PLP) status. The PLP status allows banks to review and process SBA 7(a) loans quickly and without prior SBA consideration.
SBA financing can help growing businesses:
- Purchase or renovate real estate.
- Purchase or upgrade real estate to operate your business, construct a business facility or make improvements to an owner-occupied property.
- Purchase fixed assets such as machinery and equipment.
- Purchase an existing business.
- Borrow working capital to manage day-to-day cash flow.
The following Capitol Bancorp affiliate banks have been granted PLP Status: