Welcome to Bank of the West!
Eligible Small Businesses
The SBA Program is offered to all eligible businesses, contact one of our lenders if you are interested in the US SBA Loan Program.
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.
Paycheck Protection Loans (PPP)
Please click here for more information on the SBA Paycheck Protection Program (PPP) loans and Forgiveness Program.