Business Loans up to $500,0000
© 2023 Bankwell
Frequently Asked Questions
1. Complete the application at the link below. (10-20 minutes)
2. A Bankwell lending specialist will reach out to
discuss your application and your funding options. (10 minutes)
3. Receive a Decision
Enjoy a Simple Loan Process that Respects Your Time:
What are the requirements to get approved?
How much funding can I get?
How long does the process take?
What are the loan terms?
Why Bankwell?
Under the SBA program, requirements include:
- Your business must operate for profit (ie, no non-profit organizations)
- You must use the funds for the business
- Operate in the US
- Not be delinquent on any debt to the US government
- Be creditworthy and reasonably assure repayment of the loan. This is determined on a case by case basis but will include review of the business history, the personal credit of the owner(s), collateral (though not required), income tax returns etc.
After you complete the quick form, we'll have a brief phone call. If your business is a fit and you'd like to move forward, the application itself typically takes 20 minutes - 1 hour depending on your business. If your application is complete you can have a decision in as fast as a few days.
The amount you can borrow will vary based on the health and history of your business. Under the SBA 7a program, loans can range from under $50,000 to $5 million.
The maximum loan terms for SBA loans are 10 years for working capital, inventory and equipment loans and 25 years for real estate loans.
Bankwell is a commercial bank with more than $3 billion in assets that serve the banking needs of businesses and individuals. At Bankwell, we pride ourselves on our unique ability to bring you high-touch, high-quality banking with the expertise and dedication of our experienced team of professionals.
When it comes to business, our deep industry knowledge, flexibility, and innovative treasury and financing services enable us to find the right solutions for our business and commercial clients. We’re passionate about giving back and are actively involved with many not-for-profit organizations that help shape and improve the lives of others. We’re dedicated to giving our time and talent to support the communities we serve. Click here to learn more.
• Simple Application
• Loans to $500,000
• Terms: 5-10+ years
How long does the process take?
After you complete the quick form, we'll have a brief phone call. If your business is a fit and you'd like to move forward, the application itself typically takes 20 minutes - 1 hour depending on your business. If your application is complete you can have a decision in as fast as a few days.
How much funding can I get?
The amount you can borrow will vary based on the health and history of your business. Under the SBA 7a loan program, loans can range from under $50,000 to $5 million.
What are the loan terms?
The maximum loan terms for SBA loans are 10 years for working capital, inventory and equipment loans and 25 years for real estate loans.
Why Bankwell?
Bankwell is a commercial bank with more than $3 billion in assets that serves the banking needs of businesses and individuals. At Bankwell, we pride ourselves on our unique ability to bring you high touch, high quality banking with the expertise and dedication of our experienced team of professionals.
When it comes to business, our deep industry knowledge, flexibility and innovative treasury and financing services enable us to find the right solutions for our business and commercial clients. We’re passionate about giving back and are actively involved with many not-for-profit organizations that help shape and improve the lives of others. We’re dedicated to giving our time and talent to support the communities we serve.
Click here to learn more.
© 2023 Bankwell
A Simple Loan Process
that Respects Your Time:
1. Complete the quick form above (1 minute)
2. A Bankwell lending specialist will reach
out to discuss your funding options.
(10 minutes)
3. Apply for funding.
Business Loans
up to $500,000
SBA 7(a) loans can be used for various business purposes including:
- Acquiring, refinancing or improving real estate / buildings
- Working capital (short term and long term)
- Refinancing current debt
- Purchasing equipment, machinery, fixtures, inventory
- Purchasing an existing business (complete or partial)
How Can I use the Funding?
SBA 7(a) loans can be used for various business purposes including:
- Acquiring, refinancing or improving real estate / buildings
- Working capital (short term and long term)
- Refinancing current debt
- Purchasing equipment, machinery, fixtures, inventory
- Purchasing an existing business (complete or partial)
How Can I Use the Funding?
• Simple Application
• Loans to $500,000
• Terms: 5-10+ years