Washington Entrepreneur Secures Financing to Buy Budget Blinds Franchise

Borrowing money to purchase a Budget Blinds franchise? Eastside Comm. Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Alder, Washington and are interested in buying a Budget Blinds franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Eastside Comm. Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BUDGET BLINDS
ALDER, WA 98092

SBA Loan Lender

EASTSIDE COMM. BANK
3326 160TH AVE SE, STE 101
BELLEVUE, WA 98008

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

5/9/2006

Loan Approval Gross Amount

$116,760

Loan Approval from the SBA

Of the total $116,760 loan amount, the SBA guaranteed $58,380.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Budget Blinds franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Eastside Comm. Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Eastside Comm. Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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