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SBA Express Certified Lender

The SBA provides a number of financial assistance programs for small businesses that have been specifically designed to meet key financing needs, including debt financing, surety bonds, and equity financing. The 7 (a) Loan program is the SBA's primary business loan program. It is the agency's most frequently used, non-disaster, financial assistance program because of its flexibility in loan structure, variety of uses for the loan proceeds and availability. 7 (a) proceeds can be used to purchase machinery, equipment, fixtures, supplies, make improvements to land and/or buildings that will be occupied by the subject applicant business.

Bank of the Bluegrass is a participant in the SBA 504 loan program. The SBA 504 loan helps the small business owner acquire property or equipment with more favorable terms. The borrower is able to purchase a property or building for their operations with as little as 10% down. Another benefit to the small business acquiring property, is the ability to obtain a 20-year fixed interest rate on a portion of the request. Whether you are purchasing property for a new location or buying equipment, we would love to introduce you to the SBA 504 loan program.

The SBA also offers disaster assistance for small businesses in response to the Coronavirus.

If it's a business loan you need, we'll work hard to find the best option for your company's needs.

We offer a variety of Commercial Loans, with expertise in Commercial Real Estate and Multi-Family Loans with:

  • Fixed or floating rates
  • Flexible structure to meet your company's needs
  • Simple documentation

Line of Credit Daily Sweep Service

With our Line of Credit Daily Sweep Service, your Bank of the Bluegrass Business Line of Credit works with your Bank of the Bluegrass Business Checking Account to help you manage your cash flow effortlessly.

Once you’ve established a “target collected balance” for your Business Checking Account, payments and advances to and from your established Line of Credit will flow back and forth automatically, not to exceed your Line of Credit limit. These transfers will cover deficits in meeting your “target collected balance” or apply balance overages back into your available Line of Credit balance.

With this service, you can easily manage your cash flow, maximizing your Line of Credit when needed and reducing the outstanding balance and interest expense, when it’s not needed.

Bank of the bluegrass business credit card

Business Credit Cards

Issued by ServisFirst Bank

We offer two great business credit card options with variable APR based on New York Prime Rate as published in the Wall Street Journal. Both card options have these great benefits:

  • Overall corporate limit with individual user monthly spend limits.
  • Up to 50 authorized users per account.
  • One consolidated Statement each month with one payment.
    • Courtesy statement provided for each authorized user.
  • Online management site
    • You can monitor recent and pending transactions, update profile information, set travel and payment alerts, view statements and set up auto pay/make payments.
  • Apply online

Platinum Card Features:

  • No annual fee
  • APR Wall Street Prime Rate +12.00%

Cash Back Rewards Card Features:

  • $79.00 annual fee
  • 1% cash back on all qualifying purchases up to $100,000 annually-rewards will be credited to the account on the anniversary of its open date
  • APR Wall Street Prime Rate +10.00%