Hometown Bank has its "PLP" or "Preferred Lender" designation with the U.S. Small Business Administration (SBA). This status allows Hometown Bank to expedite the processing of certain SBA loans subject to their eleigibility for utilization of the program.

Hometown Bank utilizes these and other government guarantee programs, to help our business customers obtain long term financing to fund the acquisition of long term assets. In addition, we provide our customers with the opportunity to lock in a fixed interest rate on the guaranteed portion of the loan (typically 75% of the balance). This can protect our customers from potentially higher or rising interest rates.

Some of the features of the SBA program include:

• Amounts vary
• Credit extension subject to Hometown Bank and SBA approval
• Pricing
  • Either variable rate or fixed rates available
  • Fixed rates are for the term of the loan
  • Based upon Hometown Bank's evaluation of the credit risk
• Term is up to 25 years, based upon the assets to be refinanced
• Used for fixed asset acquisition, long term working capital, or refinance

"There's no place like Hometown Bank"