SBA Guarantee Loan

The SBA’s primary lending program, the 7(a) Loan Program, offers U.S government-backed term loans that can support a variety of financial needs. The program guarantees as much as 85 percent of loans up to $150,000 and 75 percent of loans greater than $150,000.

Features

  • Funds can be used to:
    • Purchase or expand business
    • Purchase land or buildings
    • Construct or renovate a facility
    • Purchase equipment, fixtures, inventory, and working capital
    • Leasehold improvements
    • Refinance business debt
  • Available terms up to:
    • 25 years for real estate
    • 10 years for equipment (as long as the equipment is likely to stay useful during that time)
    • 7 years for working capital
  • Maximum loan amount is $5 million

Testimonial

Thank you for your help and guidance in getting the Paycheck Protection Program into our hands--it has taken a huge weight off of my shoulders. We are so very grateful that we made the decision to partner with West Gate Bank. The difference is night and day from our previous banking partner, so thank you to all at West Gate Bank!
— Scott McCarville, President, Amplified Image Marketing

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