SBA 504 Loans

Affordable financing can level the playing field

Start-ups and existing small businesses often encounter challenges in qualifying for traditional loans for big-ticket fixed assets. The Small Business Administration's 504 program removes that roadblock in most cases. A West Gate Bank® lending professional can describe all the program details and assist you throughout the application process.

• Financing for land, new facilities or upgrades of existing buildings
• Loans for machinery and equipment with a useful life of at least 10 years
• Funding for business access roads, parking lots and landscaping
• Borrow up to 90% of purchase price
• Extended repayment periods of at least 10 years - and up to 25 years for real estate
• Loan terms can be tailored for specific needs of growing businesses
• Fixed interest rates, usually at or below current market rates
• The 504 program distributes loans among three parties: the business owner (down payment), a conventional lender (such as West Gate Bank), and a Certified Development Company