Welcome! At Bank of the West, we strive to offer the best service and latest products so we can provide the best quality of service that you have learned to expect from us.
Eligible Small Businesses
Bank of the West's current portfolio includes companies from most industries and professions. One of our principal programs is to provide long term financing for owner occupied businesses.
Why Select Bank of the West?
Our professional staff is trained to be efficient, responsive, and flexible. As a participant in SBA's Preferred Lender Program, Bank of the West makes the loan application quick and simple. We provide timely responses regarding qualification to apply for a SBA guaranteed loan. As specialists, the application process can be streamlined, with an approval usually obtained within ten business days. As a bank specializing in SBA small business loans, we give special treatment and service to all of our SBA clients.
Bank of the West's lending standards are straight forward and based on common sense. Successful applicants must be of good character, show the ability to operate a business successfully, have sufficient capital to operate the business on a sound financial basis, and show the capacity to repay the loan based on earnings and/or future projections based upon sound theory and data.
Most loans are secured by a first lien on owner-occupied commercial real estate and/or machinery and equipment. Hazard insurance on all collateral is mandatory. The principals in the business must provide personal guaranties, and life insurance is usually required on the LIFE of the principals.
TYPES OF LOANS
Long term financing up to 25 years is available for expansion or acquisition, new construction, or refinance of existing mini-perm debt for owner occupied projects.
Financing is available up to 10 years for acquisition or refinance.
Permanent Working Capital
Financing provided up to 10 years to promote growth or expansion, secured by commercial real estate.