Financing for Deep Sea Freight Transportation
With these loans for deep sea freight transportation, the SBA guarantees the lender that the loan will be repaid. This deep sea freight transportation loan for $18,900 was given to a California entrepreneur in 2007.
Getting a small business loan in Arlington Heights, California was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Washington Mutual Bank, operating out of Henderson, Nevada. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: DEEP SEA FREIGHT TRANSPORTATION
ARLINGTON HEIGHTS, CA 92345
SBA Loan Lender
WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014
This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
483111 - Deep Sea Freight Transportation
Loan Approval Date
10/25/2007
Loan Approval Gross Amount
$18,900
Loan Approval from the SBA
Of the total $18,900 loan amount, the SBA guaranteed $9,450.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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:
Bank Credit Lines
Where to Get an SBA Loan in Henderson, Nevada
SBA Nevada Banks