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HomeBusinessBusiness LoansSBA Guarantee Loan

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

Meet our business lenders:

Photo of Kyle Wooster

Kyle Wooster

Senior Vice President, Senior Credit Officer

Phone
402.323.8967
NMLS#
902312
Email
kwooster at westgate dot bank

Email Kyle
Download the Mobile Mortgage App

Photo of John Runnebaum

John Runnebaum

Vice President, Commercial Lending

Phone
531.289.3821
NMLS#
591836
Email
jrunnebaum at westgate dot bank

Email John
Download the Mobile Mortgage App

Photo of Chad Tettenborn

Chad Tettenborn

Vice President, Commercial Lending

Phone
402.758.8723
NMLS#
2029111
Email
ctettenborn at westgate dot bank

Email Chad
Download the Mobile Mortgage App

Photo of Taylor Price

Taylor Price

Assistant Vice President, Commercial Lending

Phone
402.434.4082
NMLS#
1451330
Email
tprice at westgate dot bank

Email Taylor
Download the Mobile Mortgage App

Photo of Kirby Reardon

Kirby Reardon

Assistant Vice President, Commercial Lending

Phone
402.434.4081
NMLS#
1531311
Email
kreardon at westgate dot bank

Email Kirby
Download the Mobile Mortgage App

Photo of Shane Reardon

Shane Reardon

Loan Officer, Commercial Lending

Phone
402.758.8721
Email
sreardon at westgate dot bank
NMLS#
623868

Email Shane
Download the Mobile Mortgage App

Need help or have additional questions?Contact UsLocations / Hours

Ready to Get Started?

Contact a SBA Lender

Business Loans

  • Business Lines of Credit
  • Business Term Loans
  • SBA Guarantee Loan
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Routing#:
104901584
NMLS#:
292134

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