Small Business Administration Loan Programs From WesternBank

2009 Recovery Act

For a limited time, the 2009 Recovery Act has eliminated the Borrower's Guaranty fee on new SBA loans.  This opportunity could save your business thousands of dollars! 

 

To take advantage of this limited time offer, please Click Here to fill out a brief overview of your company or contact a banker at (218) 335-4131. 

SBA Express Loans

This program provides Express lenders with a faster turnaround from SBA and less paper-work for the borrower.  Funds for nearly all businesses are allowed; SBA can also guaranty a revolving line of credit under this program.    

 

• For new and existing businesses

• Up to 50% loan guaranty

• Streamlined documentation and processing

3-day approval

• Maximum loan amount of $350,000

Patriot Express Loans

This program is specifically designed for members of the military, in the military's transition assistance program, National Guard members, Reservists, and the spouses of each of the above.

 

• For current and former military service members and spouses

• Up to 85% loan guaranty

• Streamlined documentation and processing

• Maximum loan amount of $500,000

Small and Rural Advantage Loans

The Small/Rural Lender Advantage is part of a broader SBA initiative to promote the economic development of local communities, particularly those facing the challenges of poplution loss, economic dislocation, high unemployment, etc.

 

• Newest SBA Loan Program

• Up to 85% loan guaranty

• Short, simplified application

• Maximum loan amount of $350,000

SBA 504 Loans

• Purchase, construct, or renovate buildings

• Acquire and install machinery and equipment

• Expand current facilities

• Low down payment requirement

• 10 or 20 year repayment options

• Low, fixed rates

Send A Commercial Loan Inquiry

Click Here to fill out a brief overview of your company and borrowing needs.  Once the information is submitted to us, you will receive a call by the next business day from a commercial lender in response to your request.