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Small
Business Administration Loans
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Helping Your
Business Perform
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Whether
you are expanding, refinancing, acquiring or starting a new business,
West Bank's SBA programs are your ideal financing resource.
West Bank
has a well-established relationship with the SBA and participates
in SBA loan programs to assist small-to medium- size businesses
in their growth. We encourage you to contact one of our experienced
Commercial Loan Officers at 515-222-2300 to find out how an SBA
loan could benefit your business.
Regular
7(A) Program
Intermediate term financing guaranteed up to 85% by the SBA. Proceeds
may be used to fund permanent working capital needs and fixed asset
acquisition. Proceeds may also be used to fund new businesses that
have prepared a sound business plan, have at least a 25-30% owner's
investment into starting the new business, and a management team
with experience operating in the industry.
Ideal
candidates are existing, profitable businesses that may have a
shortfall in available collateral to secure the loan or require
longer loan amortization; and startup businesses with a sound
business plan.
Low
"Doc" Program
Loans available up to $150,000.
Simple
application process.
Long
Term Financing is available for:
- Owner-Occupied
Commercial Real Estate Purchase and Refinance
- Construction
or Improvements
- Working
Capital
- Equipment
Financing
- Purchasing
a Business
504
Program
Long
term, fixed rate financing for up to 90% of the cost of acquisition
or construction of fixed assets.
Loans
available from $150,000 to $2,000,000. Ideal candidates are
existing, growing companies with at least two years of profitability.
Visit the
Small Business Administration web site (www.sba.gov)
for application forms and Frequently Asked Questions.
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