SBA Loans: Not just money, but a ladder to success.
7(a) Loans
Helping small businesses to obtain the funding to start, operate, and expand their ventures.
Why SBA?
Get lower down payments and financing at a lower cost compared to traditional loans.
SBA Loan Funding
SBA loans can finance real estate, working capital, and debt refinancing.
Truliant is one of the top North Carolina 7(a) Loan Program lenders. Our knowledge and experience with SBA loans can make the process seamless for your businesses.
Truliant SBA Lending offers loans up to $5,000,000 with low down payments and longer payment terms than traditional loans. Business owners have access to more funds at highly competitive rates and structures. As a preferred lender (PLP), we are experienced in helping our borrowers navigate the process to find solutions that best meet their needs.
Download a Comprehensive Guide to SBA Acquisition Financing. Simply provide us with your name and email.
SBA Calculators
SBA Loan FAQs
Helping small businesses get the funding they need.
What Is a 7(a) Loan?
The 7(a) Loan Program provides loan guaranties to lenders that allow them to provide financial help for small businesses with special requirements.
7(a) loans can be used for:
Acquiring or improving real estate and buildings
Purchasing furniture, fixtures, and supplies
Changes of ownership (complete or partial)
Purchasing machinery and equipment
Am I Eligible?
To be eligible for 7(a) loan assistance, businesses must:
Contact a Business Services officer or deliver your application to your local branch
A Truliant Business Services officer will help you through the application process to answer questions and expedite your loan application
How Do I Pay Back My Loan?
Loan repayment terms vary according to several factors:
Most 7(a) term loans are repaid with monthly payments of principal and interest from the cash flow of the business
Payments stay the same for fixed-rate loans because the interest rate is constant
Variable rate loans may have a different payment amount if the interest rate changes
How Does SBA Differ From USDA?
While U.S. Department of Agriculture (USDA) and Small Business Administration (SBA) loans are quite similar, there are a few notable differences between the two loans.
SBA loans typically tend to be no larger than $5 million, whereas USDA loans can be up to $25 million. USDA loans tend to include larger fees and federal guarantees in contrast to the smaller scale SBA loans. Learn more at the USDA website.
Why Truliant Credit Union?
Truliant offers local, customized service designed to give you exactly what you need to improve your business's financial positioning leading to increased economic health for you and our community. And, not only can we help you obtain the funding you need to launch your upstart, but we can also help if you have an established business that simply needs an infusion of cash.
Contact us today to discuss terms, rates and more. We're here for you and have dedicated Business Officers to help you through the process. Truliant has been serving our communities for more than 70 years, and we want to help your business grow. It's good for you and it's good for our communities.
Or call the Benefits Service Center at 866-298-3686, Mon – Fri, 8:30 a.m. – 5:00 p.m. ET for assistance with registration and activation.
Money Access and Everyday Banking Perks:
Free standard Truliant checks
Free official checks
Free incoming wire transfers
One-time overdraft fee waiver (per calendar year)
Early Pay — Get your paycheck up to 2 days early
Surcharge-free ATMs — Access to 80,000 ATMs worldwide that waive their fees for our members
Free ATM withdrawals, even outside Truliant
We are proud to offer fewer fees at a lower cost compared to many other financial institutions. Below are our current fees for Reserve Plus Banking:
General Charges
Fee Type
Fee Amount
Monthly maintenance
$25.00
Waived with any of the following:
1) Average Monthly Deposit Relationship ≥ $25,000, or
2) Average Monthly Truliant Financial Advisors Investment ≥ $50,000
Order checks
Standard Truliant Checks are free
Wire transfer (outgoing)
$25.00 Domestic, $35.00 International (incoming wires are free)
Overdraft Charges
Fee Type
Fee Amount
Balance Backup* and Balance Backup+** overdraft protection
$28.00/transaction (limit of six service charges per day) - 1 fee waiver per calendar year
Deposit account overdraft protection transfer service charge
$3.00 (limit once daily)
Line of credit overdraft protection transfer service charge
$3.00 (limit once daily)
*Balance Backup service charge occurs anytime we cover overdrafts caused by check, recurring transaction, or other transaction made using checking account or debit card number.
**Balance Backup+ service charge occurs anytime we cover overdrafts caused by debit card or ATM transactions.
For a comprehensive listing of account-related fees, special service fees, and additional details, log in to online or mobile banking to view our Deposit Account Agreement or Business Deposit Account Agreement.
Receive one free overdraft per calendar year by contacting us or visiting a branch. Normal fee of $28 per overdraft applies for all other overdrafts.
Our Balance Backup coverage offers members emergency overdraft protection, allowing important items to clear and helping you avoid returned payment fees from payees.
Truliant will strive to pay the following types of transactions when you do not have funds available.
Checks and other transactions made using your checking account number
Automatic recurring drafts made using your debit card number
We also offer Balance Backup+ for the following types of transactions when insufficient funds exist in your account:
Access to more than 80,000 surcharge-free ATMs. A surcharge-free ATM is one you can use without paying an extra fee charged by the ATM owner. Truliant partners with a nationwide network of ATMs that let you withdraw cash, check balances, and more—without those added fees.
Even if the ATM isn’t Truliant-branded, it can still be surcharge-free if it’s part of our network.
Use the ATM locator to find the most convenient locations near you.
We are proud to offer fewer fees at a lower cost compared to many other financial institutions. Below are our current fees for SafeSpend Banking:
General Charges
Fee Type
Fee Amount
Monthly maintenance
$5.00
Waived with any of the following:
1) Monthly Total Deposits ≥ $250, or
2) 23 or younger
Official check, payable to third party
$5.00/check
Wire transfer (incoming)
$10.00 (Domestic / International)
Wire transfer (outgoing)
$25.00 (Domestic) $35.00 (International)
For a comprehensive listing of account-related fees, special service fees, and additional details, log in to online or mobile banking to view our Deposit Account Agreement or Business Deposit Account Agreement.
Truliant's Early Pay program lets you access your money up to two days before your payday on Automated Clearing House (ACH) direct deposits. You don't need to sign up or opt-in: Early Pay is a free and automatic service we provide to our members. See more details here.
Non-Sufficient Funds occur when there isn’t enough money in your account to complete a payment. If this happens, we’ll simply reject the payment — and we won’t charge you a fee.
Acceptable forms of identification:
Driver’s license (state or U.S. territory issued)
Driver’s license learner permit (state or U.S. territory issued)
Or call the Benefits Service Center at 866-298-3686, Mon – Fri, 8:30 a.m. – 5:00 p.m. ET for assistance with registration and activation.
Money Access and Everyday Banking Perks:
One-time overdraft fee waiver (per calendar year)
Early Pay — Get your paycheck up to 2 days early
Low-cost standard Truliant checks — Only $10 per order
Surcharge-free ATMs — Access to 80,000 ATMs worldwide that waive their fees for our members
Free ATM withdrawals, even outside Truliant
We are proud to offer fewer fees at a lower cost compared to many other financial institutions. Below are our current fees for Essentials Plus Banking:
General Charges
Fee Type
Fee Amount
Monthly maintenance
$7.50
Waived with any of the following:
1) Monthly Direct Deposit ≥ $500, or
2) Average Monthly Checking Balance ≥ $1,500, or
3) Average Monthly Deposit Relationship ≥ $5,000
Order checks
Standard Truliant Checks = $10.00
Official check, payable to third party
$5.00/check
Wire transfer (incoming)
$10.00 Domestic or International
Wire transfer (outgoing)
$25.00 Domestic, $35.00 International
Overdraft Charges
Fee Type
Fee Amount
Balance Backup* and Balance Backup+** overdraft protection
$28.00/transaction (limit of six service charges per day) - 1 fee waiver per calendar year
Deposit account overdraft protection transfer service charge
$3.00 (limit once daily)
Line of credit overdraft protection transfer service charge
$3.00 (limit once daily)
*Balance Backup service charge occurs anytime we cover overdrafts caused by check, recurring transaction, or other transaction made using checking account or debit card number.
**Balance Backup+ service charge occurs anytime we cover overdrafts caused by debit card or ATM transactions.
For a comprehensive listing of account-related fees, special service fees, and additional details, log in to online or mobile banking to view our Deposit Account Agreement or Business Deposit Account Agreement.
