Columbia Community Cu Gives Small Business Loan to Beauty Salons Company

Looking to get a Washington business loan? This Washington entrepreneur got a business loan, provided by a Washington bank that works with the SBA to help small business owners.

Getting a small business loan in Vancouver, Washington was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Columbia Community Cu. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
VANCOUVER, WA 98662

SBA Loan Lender

COLUMBIA COMMUNITY CU
703 BROADWAY ST, STE 500
VANCOUVER, WA 98660

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

10/27/2004

Loan Approval Gross Amount

$66,200

Loan Approval from the SBA

Of the total $66,200 loan amount, the SBA guaranteed $56,270.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Columbia Community Cu are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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