Enterprise Bank & Trust logo

Enterprise Bank & Trust

SBA Preferred Lender bank: 7(a), 504 and Express loans from $100K (7(a) up to $5M), 7.75% median starting rate, 25-year terms, funds within 30 days (lender-stated). Best for $1M+ deals.

SBA & Government-Backed Loans:
SBA 7(a) Loans
Tags:
#$1m+#Working Capital#Secured#Buying A Business

Rates & Cost

What the financing costs, normalized so lenders can be compared.

Estimated APR:
~8.27% APR on a $350K 10-yr SBA 7(a) at the 7.75% median rate incl. 3% guaranty fee (Lender List est.); SBA caps at 7% Prime: 10% to 13.5% variable
Pricing (as quoted by lender):
"Favorable interest rates" — no rates published; SBA 7(a) FOIA data (as of Jun 30, 2026): 7.75% median starting rate last 12 months (6.71% to 9.25%); variable median about Prime + 1.0
Cost to borrow $100K for 6 months:
≈$5,521 (6 months' interest at 7.75% on a 10-yr SBA 7(a), $3,821, plus $1,700 SBA guaranty fee; bank fees not published)
Fees:
SBA guaranty fee (2% of guaranteed share ≤$150K; 3% on $150,001 to $700,000; 3.5% to 3.75% above); bank closing fees not published; pays broker referral fees where state law permits
Early payoff:
Allowed; SBA prepayment fee only on 15+-year terms when 25% or more is prepaid in years 1 to 3 (5%/3%/1%)
Pricing transparency (0-3):
0

Repayment Terms

How and how fast you pay it back, and how flexible it is.

Term:
Up to 25 years; 25 years on 142 of 155 loans in the last 12 months (median 300 months, SBA 7(a) FOIA data)
Repayment schedule:
Monthly, fully amortizing, no balloon; 112 of 155 last-12-month loans variable (tied to Prime), 43 fixed
Flexibility in slow months:
Low — fixed monthly amortizing payments (variable loans reset with Prime); 25-year terms keep them small

Eligibility & Access

Who qualifies and what you have to put on the line.

Funding amount:
$100,000 to $6,250,000 (lender-stated; SBA 7(a) capped at $5,000,000); last 12 months to Jun 30, 2026: $158,000 to $5,000,000, median $1,266,500 (SBA 7(a) FOIA data)
Minimum revenue:
Lender does not publish; must meet SBA size standards
Minimum time in business:
None — startups accepted but uncommon (12 of 155 loans last 12 months; 37 more to businesses 2 years or less); 10% equity injection for startups and acquisitions
Credit check:
Lender does not publish a minimum score; full credit and cash-flow underwriting
Personal guarantee:
Required from owners of 20% or more (SBA rule)
Collateral & lien:
Secured — collateral on all 155 SBA 7(a) loans in the 12 months to Jun 30, 2026; real estate up to 95% LTV (83% special-purpose)

Speed & Service

How fast you get funded and how the lender treats you.

Time to funding:
Lender-stated: decisions within 48 hours and funding within 30 days for qualified applicants; most SBA loans take 30 to 90 days from application to funding (standard 7(a) often 60 to 90); PLP approval skips the 5 to 10 business-day SBA review
Lender status:
Active SBA lender (last 7(a) approval Jun 23, 2026; 155 loans in the 12 months to Jun 30, 2026)

Company Verification

Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.

Legal entity:
Enterprise Bank & Trust
Registered in:
Missouri (FDIC cert #27237)
Company formed:
Chartered 1988
Website domain registered:
Jan 1998
Follow:
Share on:

Best for: Established owners and franchisees financing $1M+ real estate-heavy projects (hotels, gas stations, restaurants) with a 25-year SBA 7(a) loan.

Not for: Borrowers needing under $100,000, fast cash, unsecured credit or posted rates.

Lender List verdict: Enterprise Bank & Trust, a St. Louis-area SBA Preferred Lender, approved 155 SBA 7(a) loans worth $279.0M in the year to June 30, 2026, at a 7.75% median rate, below Busey Bank's 9.01% FY2026 average. Small borrowers fit poorly.

Enterprise Bank & Trust review at a glance

Enterprise Bank & Trust
Lender typeFDIC-insured bank (cert 27237), founded 1988, Clayton, MO; SBA Preferred Lender
Amounts$100,000 to $6,250,000 (lender-stated); 7(a) capped at $5,000,000
Cost (headline)7.75% median starting rate (last 12 months)
TermUp to 25 years; 25 years on 92% of recent loans
Funding speedLender-stated: decisions within 48 hours, funding within 30 days
StatusActive; last SBA approval June 23, 2026

What is Enterprise Bank & Trust?

Enterprise Bank & Trust is a $17.36 billion bank in Clayton, Missouri, in St. Louis County, owned by Nasdaq-listed Enterprise Financial Services Corp (EFSC). This Enterprise Bank & Trust review covers the Missouri bank, not the similarly named Lowell, Massachusetts lender. It has SBA loan offices nationwide.

Enterprise Bank & Trust SBA programs

Enterprise Bank & Trust offers SBA 7(a), 504, Express and Export Express loans; it approved 167 7(a) loans in FY2025 and used Preferred Lender authority on 152 of its last 155.

  • Size: average $1,799,843 (last 12 months)
  • Focus: hotels, gas stations, restaurants and franchises, led by California and Texas

Enterprise Bank & Trust rates and fees

Enterprise Bank & Trust's SBA 7(a) loans carried a 7.75% median starting rate over the last 12 months (variable loans about Prime + 1.0); it posts no rates. SBA caps variable loans above $350K at 10.0% today.

Worked example: $350,000 over 10 years at 7.75% costs $4,200.37 a month, $504,044.65 in total. The $7,875 SBA guaranty fee (3% of the 75% guaranteed share) lifts the APR to about 8.27%.

Enterprise Bank & Trust requirements

Enterprise Bank & Trust publishes no credit-score or revenue minimum.

RequirementEnterprise Bank & Trust minimum
Loan size$100,000
Business sizeMust meet SBA size standards
Down payment10% for startups and acquisitions
Personal guaranteeOwners of 20% or more
CollateralTaken on all 155 recent loans

Frequently asked questions about Enterprise Bank & Trust

Is Enterprise Bank & Trust Legit? Yes. Enterprise Bank & Trust has held an FDIC charter for 38 years and is an SBA Preferred Lender, approving 7(a) loans under delegated authority. It recorded one charge-off among 1,667 SBA 7(a) loans since FY2020, and its parent trades on Nasdaq as EFSC.

How Long Does Enterprise Bank & Trust Take to Close an SBA Loan? The bank advertises "approval in as little as 48 hours" and funding "in as little as 30 days" for qualified applicants. Most SBA loans take 30 to 90 days from application to funding (standard 7(a) often 60 to 90), and Preferred Lender authority skips the SBA's 5 to 10 business-day review.

Does Enterprise Bank & Trust Lend to Startups? Yes, occasionally: 12 of its last 155 SBA 7(a) loans went to businesses not yet open, and another 37 went to firms two years old or less. Expect a 10% equity injection, collateral and a personal guarantee from each owner holding 20% or more.

How Big Is Enterprise Bank & Trust? Enterprise Bank & Trust held $17.36 billion in assets at June 30, 2026, per the FDIC, across 56 branch offices. Founded in 1988 and owned by Nasdaq-listed Enterprise Financial Services Corp, it has approved 1,667 SBA 7(a) loans since FY2020.

Compare SBA 7(a) and SBA 504 lenders, St. Louis-area peer Busey Bank or national lender Newtek Bank.

SBA figures: SBA 7(a) FOIA data, FY2020–present, as of June 30, 2026 (data.sba.gov).

Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.

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