SBA Business Loans
The SBA is a federal agency dedicated to supporting small businesses and entrepreneurs. It provides government backed business loans to help finance costs associated with new business startups, mergers and acquisitions, growth (such as hiring new employees) and transformation (such as debt refinancing), and real estate expansion.
SBA loans are among the most secure financing option for business owners, yet many of those eligible are deterred by the red tape and the bureaucratic headaches associate with the traditional application process.
SBA’s Preferred Lenders Program (PLP) provides trusted banks – including Westfield Bank - with the highest level of approval authority in order to empower businesses in their community with maximum efficiency. This gives your business access to SBA loans with lower down payments and favorable terms.