Perennial Bank is a registered lender with the Small Business Association (SBA). The SBA is a government agency that was created to help promote and bolster the U.S. economy by  providing assistance to small businesses. SBA provides counseling and aid to individuals trying to start or grow their business. SBA has a variety of loan programs that they offer.

The 7(a) loan  program is the SBA’s primary guaranteed loan program. Proceeds can be used for expansion, renovation, vacant land, building purchases, start-up costs, equipment, working capital, and inventory.   SBA Express loans are also available to qualifying borrowers, and offer the convenience of a streamlined loan process and in many times, no SBA guaranty fees.