The SBA 7(a) Loan Program offers extended repayment terms and competitive rates to qualified entrepreneurs.  Leverage the loan Program’s low monthly payments to safeguard your financial position while using the extra cash on your balance sheet to grow your agency.

Whether you’re interested in purchasing another agency, facilitating growth without restricting cashflow, or getting a better interest rate on your existing loan, our team of insurance agency lending experts is here to help you navigate risk-adverse financing options.

Why SBA Financing for Your Agency

The Small Business Administration’s Loan Programs were created to help American business owners access capital at reasonable rates with business-friendly benefits.
  • Made for Entrepreneurs

    The SBA 7(a) Loan Program is specifically tailored to help entrepreneurs gain a competitive advantage in the modern economy.

  • Flexible Financing Choices

    100% financing is available for acquiring additional agencies. Purchase your first agency with as little as 10% down.

  • Better Terms & Rates

    Longer repayment terms, more competitive rates and lighter collateral requirements in comparison to conventional financing.

  • History of Success

    More than $1 billion in SBA 7(a) loan proceeds authorized to 1,700+ insurance agencies across the country since 2020.

SBA Loan Program Fact Sheet

Your one-page guide to everything you need to know about how SBA 7(a) loans can be used.
Download Fact Sheet
Start, Grow, or Build Your Business.

How Agency Owners

Use SBA Loans

The SBA 7(a) Loan Program gives agency owners the power. You choose how to use the funds to grow your business.

  • Purchase an Insurance Agency
  • Sell, Merge, or Transition
  • Improve or Buy Real Estate
  • Refinance Existing Debt
  • Expand with Working Capital

The 5 Step Process to Funding Your Agency with an SBA Loan

Initial Consult
Meet with a banker to tailor a loan for your goals.
Document Collection
Upload your docs in our online portal.
Underwriting
Our team processes your paperwork.
Processing
Get authorized and get ready for funding.
Loan Funding
Use your loan to grow your business.

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Why Work with West Town Bank & Trust

Our small business loan program has helped empower businesses all across the country to achieve their goals. With West Town Bank, you can expect exception personal service from people who know banking, understand business, and truly care about your success.
  • Preferred lender by the SBA, enabling us to provide you with a more streamlined process.

  • Helped businesses secure over $550 million in business funding through SBA loans.

  • A team of dedicated insurance lending experts to guide you through the process.

  • A bank with a community feel and national reach, providing financial solutions since 1922.

“West Town Bank & Trust made the SBA loan process extremely easy for my business. Even though there was a lot of information and documents to be provided, their technology allowed for seamless transfer. Their customer service and follow through was excellent and I received my loan faster that I anticipated. I have no problem referring them to other insurance agencies in the market for a loan.”

Daniel Rojas, Founder & Principal Agent, LLJ Risk Advisors

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