SBA Guarantee Loan

Our goal is to play a key role in your success story

The U.S. Small Business Administration provides guarantees for loans that help small businesses get off the ground or grow to the next level. Funds can be used for many purposes, from equipment purchases to real estate acquisition. At West Gate Bank®, our experienced business team can explain all the advantages of this popular program and help you navigate the application process.

• SBA guaranteed loans are offered under the 7(a) Loan Program
• While the federal government provides loan guarantees, you'll work exclusively with local professionals at West Gate Bank
• Term loans and working capital lines of credit available
• Maximum loan of amount of $5 million
• The SBA guarantees up to 85 percent of loans up to $150,000 and 75 percent of loans greater than $150,000
• SBA loans often have more relaxed credit requirements and longer repayment periods than traditional loans

Permitted Use of Funds

• Acquiring, refinancing, or improving real estate and buildings
• Short- and long-term working capital
• Refinancing current business debt
• Purchasing and installation of machinery and equipment
• Purchasing furniture, fixtures, and supplies
• Changes of ownership (complete or partial)