West Gate Bank
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by West Gate Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 424410 | General Line Grocery Merchant Wholesalers | 16 | $4.7M | $295K | 25.0% |
| 444190 | Other Building Material Dealers | 8 | $1.3M | $160K | 12.5% |
| 722511 | Full-Service Restaurants | 8 | $320K | $40K | 12.5% |
| 458110 | Other | 8 | $1.2M | $154K | 12.5% |
| 484110 | General Freight Trucking, Local | 8 | $2.8M | $350K | 12.5% |
| 611620 | Sports and Recreation Instruction | 8 | $760K | $95K | 12.5% |
| 621310 | Offices of Chiropractors | 8 | $1.2M | $150K | 12.5% |
Geographic Distribution
SBA lending activity for West Gate Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nebraska (NE) | 64 | $12.3M | 100.0% |
Why Choose West Gate Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 64 SBA loans approved, totaling $12.3M in financing
- ✓Industry Expertise: Specialized focus on General Line Grocery Merchant Wholesalers, Other Building Material Dealers, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.88% with flexible term lengths averaging 94 months
- ✓Loan Range: Loan sizes from $40K to $350K, with an average of $192K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NE
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about West Gate Bank SBA lending
What types of businesses does West Gate Bank typically finance?
West Gate Bank specializes in SBA 7(a) lending to specific industries including general line grocery merchant wholesalers, other building material dealers, full-service restaurants, other. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are West Gate Bank's typical SBA loan terms?
West Gate Bank's SBA 7(a) loans typically feature an average interest rate of 5.88% and average term length of 94 months (approximately 8 years). Loan sizes range from $40K to $350K, with an average loan size of $192K.
Do I need a business valuation for a West Gate Bank SBA loan?
Yes, West Gate Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does West Gate Bank compare to other SBA lenders?
West Gate Bank has originated 64 SBA loans totaling $12.3M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does West Gate Bank lend in?
West Gate Bank provides SBA 7(a) financing with particularly strong presence in NE. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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