Empowering Small Businesses

Queens Gate Bank is proud to offer SBA 7(a) Loans, a flagship program of the U.S. Small Business Administration (SBA). These loans are designed to empower small business owners with the financial resources needed to start, expand, or enhance their operations. SBA 7(a) Loans are versatile and flexible, making them suitable for a wide range of business purposes. Whether you’re looking to secure working capital, purchase equipment, refinance debt, or even acquire another business, Queens Gate Bank can assist you in realizing your business dreams.

Key Features of SBA 7(a) Loans:

  • Loan Amounts: SBA 7(a) Loans offer borrowing limits of up to $5 million, providing substantial capital to support your business objectives.

  • Longer Repayment Terms: Enjoy extended loan terms, which make repayment more manageable and align with your business’s financial capacity.

  • Lower Down Payments: SBA 7(a) Loans typically require lower down payments, preserving your working capital for other essential expenses.

  • Flexible Use of Funds: Use the loan for various purposes, including working capital, equipment purchases, real estate acquisition, and more.

  • Competitive Interest Rates: Benefit from favorable interest rates, reducing the cost of borrowing for your business.

The Application Process for SBA 7(a) Loans:

Applying for an SBA 7(a) Loan through Queens Gate Bank is a comprehensive yet straightforward process:

  1. Consultation: Contact our SBA lending team to schedule an initial consultation. During this meeting, we’ll discuss your business goals and financing requirements to determine if an SBA 7(a) Loan aligns with your needs.

  2. Documentation: Prepare the necessary documents, which may include business financial statements, business plans, personal financial information, and details about how you plan to use the funds.

  3. Application: Complete the SBA 7(a) Loan application with our guidance. Our team will assist you in ensuring that all necessary information is correctly provided.

  4. Credit Review: Queens Gate Bank will conduct a comprehensive credit review and evaluate your application for eligibility and approval.

  5. Approval and Terms: Upon approval, we’ll collaborate closely with you to finalize the loan terms and conditions, including interest rates, repayment schedules, and any specific requirements.

  6. Funding: After finalizing the terms, we’ll disburse the funds to your business account, providing you with the capital necessary to achieve your business goals.