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

West Gate Bank has been the banking partner we sought out as we develop and expand our services in the Lincoln and Omaha communities. They have offered a highly competent and professional approach to our complex needs in banking. Recently, they were quick to respond to our application for Paycheck Protection Program dollars that have made all the difference in being able to provide essential mental health and substance use disorder services to people across Nebraska. This is what a banking partnership ought to look like. Thanks, WGB!

— Topher Hansen, Executive Director, CenterPointe