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For many small businesses a Small Business Administration (SBA) loan is the best financing available. An SBA loan offers you two distinct advantages—longer repayment terms and lower equity/down payment requirements.
At AmericanWest Bank you’ll work with experienced loan officers qualified to guide you through the loan application and approval process.
An SBA loan is the perfect solution to:
- Purchase or construct a building
- Buy machinery and equipment
- Purchase an existing business
- Augment working capital
- Refinance debt and balloon payments
- Start a franchise or a new business
- Remodel/renovate
- Increase inventory
- Expand operations
We currently offer three SBA loan programs:
SBA 7(a) TERM LOAN
The SBA 7(a) Loan is a great solution for many new or
well-established, for profit, small businesses. As a designated lender in the SBA Preferred Lender Program, we can offer a quicker turn-around time on loan approval.
SBA EXPRESS LINE OF CREDIT
The SBA Express Revolving Line of Credit is a good tool for small businesses to support accounts receivable collections, inventory fluctuations, and seasonal working capital needs on a short-term basis. As a designated Express Lender through the SBA, we can assist in the expedited process to get your business on its way.
SBA 504 LOAN
The SBA 504 Loan Program assists small businesses in purchasing long term assets, such as a building or machinery. Specific criteria ensures that businesses create economic development as a result of the financing.
To find out if an SBA loan is appropriate for your business, meet with one of our lending specialists by contacting your neighborhood AmericanWest Bank branch or send us an email and one of our SBA experts will contact you.
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