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

It has been our experience that people make all of the difference in life and business. We began our relationship with West Gate Bank because of one employee. We will continue that relationship, now and into the future, because of the many dedicated staff we have since connected with over the years. We truly feel that West Gate Bank and ALL of its employees have our best interest at heart no matter the situation. We have found a home for all of our banking needs, both personal and business, and are looking forward to continuing that relationship as our needs and business grows. Thank you for everything West Gate Bank!

— Molly and Brandon Kircher, Co-Owners Eileen's Colossal Cookies