Where to Get Capital for Bowling Centers

With these small business loans for bowling centers, the SBA guarantees the lender that the loan will be repaid. This bowling centers loan for $190,000 was given to a Washington entrepreneur in 2003.

Getting a small business loan in Arlington, Washington was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from North County Bank, operating out of Arlington, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: BOWLING CENTERS
ARLINGTON, WA 98223

SBA Loan Lender

NORTH COUNTY BANK
16419 SMOKEY POINT BLVD
ARLINGTON, WA 98223

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713950 - Bowling Centers

Loan Approval Date

4/7/2003

Loan Approval Gross Amount

$190,000

Loan Approval from the SBA

Of the total $190,000 loan amount, the SBA guaranteed $142,500.

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 2 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like North County Bank and they will explain how you can get an SBA loan for your company.

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.

Related Links:

Debt Financing

Small Bank Loans in Arlington, Washington

Getting an SBA Loan in Washington