Westbound SBA Lending
Westbound SBA loans can benefit qualified borrowers with:
- Loan amounts up to $5 million
- Low down payments
- Long repayment terms - up to 25 years without a balloon payment
- Reduced cash flow requirements, providing an opportunity to expand business
- Cash injections as low as 10%, depending on use of proceeds
- Terms at competitive rates up to 25 years fully amortized
The proceeds from SBA loans can be used to:
- Purchase or construct owner-occupied commercial real estate. The majority of the space must be owner-occupied (51% for existing building, 60% for new construction).
- Refinance or consolidate debts, up to 100% financing on outstanding balances.
- Fund inventory, working capital and closing costs.
Our SBA loan approval process is fast. After we get your complete loan application package, expect approval from us in three to five business days, with funding following in 45-60 days.