Loans for Burial Casket Manufacturing

With these loans for burial casket manufacturing, the SBA guarantees the lender that the loan will be repaid. This burial casket manufacturing loan for $450,500 was given to a Washington entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Auburn, Washington was able to borrow $450,500 from Columbia State Bank. The SBA made the loan possible by guaranteeing $337,875 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: SIGNS AND ADVERTISING SPECIALTIES
AUBURN, WA 98001

SBA Loan Lender

COLUMBIA STATE BANK
1301-A ST, STE 800
TACOMA, WA 98402

This debt financing was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA provides a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3993 - Signs and Advertising Specialties

NAICS Code

339995 - Burial Casket Manufacturing

Loan Approval Date

5/3/2002

Loan Approval Gross Amount

$450,500

Loan Approval from the SBA

Of the total $450,500 loan amount, the SBA guaranteed $337,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Columbia State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Columbia State 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.

Related Links:

Equity Financing

SBA 7A Banks for Tacoma, Washington Loans

Washington SBA 7A Lenders