Confectionery Manufacturing from Purchased Chocolate Business Loans

Looking for business loans for confectionery manufacturing from purchased chocolate? An SBA loan may be just what you've been looking for. This $291,500 confectionery manufacturing from purchased chocolate loan was issued by a Washington bank.

This business knew how to go about getting a business bank loan. Based in Anacortes, Washington, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Skagit State Bank, based in Anacortes, Washington.

SBA Loan Borrower

COMPANY TYPE: CONFECTIONERY MANUFACTURING FROM PURCHASED CHOCOLATE
ANACORTES, WA 98221

SBA Loan Lender

SKAGIT STATE BANK
1400 COMMERCIAL AVE
ANACORTES, WA 98221

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311330 - Confectionery Manufacturing from Purchased Chocolate

Loan Approval Date

12/4/2003

Loan Approval Gross Amount

$291,500

Loan Approval from the SBA

Of the total $291,500 loan amount, the SBA guaranteed $218,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 16 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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