Skip to main content
Small Business Lending

Frequently Asked Questions

How long will it take for me to get my loan approved and closed?

We pride ourselves on our fast turnaround. You will typically have a credit decision with seven days of a completed loan package. Once your loan is approved it typically closes within 45-60 days. Construction loans can take longer due to permitting and contractor bids.

Do I need to be a United States citizen to obtain an SBA loan?

No, you do not need to be a U.S. citizen. You must have legal residency status.

Will I need to have my accounts and deposits with you to get a loan?

No. You can keep your deposits wherever you like and maintain your regular banking relationship. If, however, you are in need of a dependable banking partner we would be happy to help.

How do I start the process? Whom do I contact?

Fill out our online inquiry form or contact us directly to learn more.

Does Pacific Western Bank lend everywhere in the United States?

Yes, we are a national lender. We make SBA 7(a) and SBA 504 loans. We are a “preferred lender,” which means we can underwrite and close loans on behalf of the SBA anywhere in the United States. This is the highest level of authority any institution can earn from the Small Business Administration. It allows us to get your loan completed faster.

Can I deal directly with Pacific Western Bank, or do I need to go through a broker?

Either process is fine. We are happy to deal directly with borrowers. More than half of our borrowers choose to do so.

Do you work with brokers and other referral sources?

Yes, we are happy to work with brokers and others who refer loans to us. We provide a written fee agreement to brokers, which guarantees their fee will be paid. We pride ourselves on paying brokers quickly when a transaction closes. All we ask of our broker affiliates is that they allow us to work directly with the borrower in the closing process. We have found that this allows us to close loans much faster and more efficiently because necessary paperwork is completed faster. For additional information, please email us.

I have had a bankruptcy in my past. Can I still get a loan?

Yes. We will review your credit history and work with you to understand the reason you had a bankruptcy. A bankruptcy does not exclude you from obtaining a loan if you have valid reasons, and if you have taken good care of your credit in recent years.