Business Loans

Hyperion Bank reinvests in our communities with SBA loans, business loans and lines of credit, commercial real estate and construction loans, and standby letters of credit. Our local decision-makers welcome the opportunity to assist you.

Hyperion Bank can help you decide if a business loan is right for you. For personal assistance, please contact us!

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Small Business Administration (SBA) Loans1

Hyperion Bank proudly partners with the U.S. Small Business Administration to help small business owners obtain financing to start or expand a business.

We can help you determine if you are eligible for a SBA loan and guide you in preparing the documentation required for underwriting. As a lending partner of the SBA, Hyperion Bank supports small businesses and is committed to fostering a successful small business community.

I've enjoyed great service on a few project loans with Hyperion Bank. With their help I've obtained the support I need to grow my business and reinvest in the neighborhood.

Andrea Missias, Red Brick Rehab, LLC


 

To learn more about SBA loans, call 215.789.4200, email customer service or visit our office for personal assistance.

How is an SBA loan different from a conventional bank business loan?

The SBA does not lend money directly to small business owners, but it does set underwriting guidelines for its partnering lenders. These guidelines are intended to reduce risk for lenders and make capital for loans more accessible to the financial institutions, so that lenders like Hyperion Bank can help more small businesses start and grow their businesses.

SBA loan amounts may range from as low as $25,000 to much higher (maximum loan may vary by the lender and credit approval). SBA loans have unique eligibility requirements, which may vary by lender.

Generally, to get an SBA loan, you must:

  • Be a for-profit business
  • Do business in the U.S.
  • Meet the SBA's size standard for small business classification
  • Have invested your own time or money into your business
  • Have been unable to get a loan through other financing options

Small businesses typically use SBA loans to fund:

  • Working capital: seasonal financing, export loans, revolving credit, refinanced business debt.
  • Long-term fixed assets: furniture, real estate, machinery, equipment, construction, remodeling

1. Offer of credit is subject to credit approval.

Hyperion Bank is important to our business. We are grateful for the relationship, and in particular the outstanding service and commitment we receive from Frank Sullivan. As a real estate developer, banks like yours are vital to our company's success!

Jeremy Terr, Argo Property Group, Philadelphia, PA

 

Business Loans and Lines of Credit1

A business loan or line of credit from Hyperion Bank can be useful for long-term financing and fixed asset purchases, such as purchasing new equipment, expanding operations, hiring seasonal staff, or increasing inventory. We can help you determine whether a business loan or line of credit is a good solution for your needs.

Whether you choose a business loan or a line of credit, you'll find Hyperion Bank offers:

  • Highly competitive rates
  • Quick approvals
  • Flexible terms
  • Excellent personal service

Business Loans

Business loans give you a specific amount of funding at one time, with fixed monthly payments.

Lines of Credit

Lines of credit are generally used to provide working capital, seasonal or cyclical cash flow, emergency funds, or other short-term financing. Once you are approved for a specific amount, you can access your funds as you need them, and only make payments when you use your line of credit.

Local Decision-Making

Watch Frank Sullivan, our Executive Vice President for Commercial Lending, explain how local decision-making enables Hyperion Bank to tailor loans and products and provide personal service that is second to none.

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1. Offer of credit is subject to credit approval.

 

We are local developers. Working with Hyperion Bank has been an absolute pleasure. Frank Sullivan and his team have helped our business grow exponentially, with advice, expertise, friendship, and great loan closings. Our business wouldn't be where it is today without you guys standing by our side every step of the way. The team's professionalism and caring is not matched by any other bank.

David Badouch & Shimon Shain, Philadelphia, PA

 

 

Commercial Real Estate Loans1

Our highly experienced commercial lenders help borrowers get the financing or refinancing they need for a wide range of commercial real estate projects, including multifamily housing, office and industrial properties, retail, hotels, and investment properties.

Borrowers who come to Hyperion Bank for their first loan often return again and again as their portfolio grows, because we take the time to understand your situation and customize a loan to meet your personal and business needs. We build relationships that support your goals, for your first loan and every loan.

To inquire about a commercial real estate loan, please contact Frank Sullivan, Executive Vice President, Commercial Lending, 215.789.4192.

Customized Experience

Whether you are new to the market or a seasoned owner/investor, Hyperion Bank welcomes you. Watch this quick video to hear Hyperion Bank customer Roy Bowser describe his loan experience: "Hyperion Bank walked side by side with me."

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1. Offer of credit is subject to credit approval

Construction Loans1

Our construction lenders have the experience, knowledge, and capability to fund many types of construction projects, from land acquisition and new construction to expansion and renovation loans.

When your project is completed, your loan can automatically convert to conventional, longer-term financing--streamlining the process and saving you the time and energy of seeking a new post-construction loan.

We customize construction loans to fit our borrowers’ individual needs and build long-term relationships to help your portfolio grow. Hyperion Bank welcomes first-time and experienced owners and investors.

To inquire about a construction loan, please contact Frank Sullivan, Executive Vice President, Commercial Lending, 215.789.4192.

1. Offer of credit is subject to credit approval.

Standby Letters of Credit (SLOC)1

A financing tool to help small businesses do business.

Sometimes considered as "a loan of last resort," a SLOC is a type of commercial financing that can be beneficial to small businesses when underwriting guidelines make it difficult for them to obtain other types of business loans. As a bank guarantee of payment, the SLOC is never intended to be used--but if a business fails or declares bankruptcy, or is unable to pay for delivered goods and services, the SLOC will provide for funds that are owed to contractors, vendors, and service providers.

Our experienced commercial lenders can explain the underwriting process and fees associated with a Standby Letter of Credit, and help you understand whether a SLOC is a good option for your business.

Do you need a Standby Letter of Credit?

Standby Letters of Credit may help businesses navigate through difficult financial and contractual issues by assuring other parties or vendors of your trustworthiness, payment ability and credit quality. When Hyperion Bank issues a SLOC, we guarantee that we will fulfill your contractual/payment obligations in the event your business cannot.

1. Offer of credit is subject to credit approval.

 

Hyperion Bank understood the value of a sustainable green building so we could complete Pennsylvania’s first LEED Platinum mixed-use project.

Tracy & Mia Levesque, Yikes, Inc., Philadelphia, PA

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