Bainbridge Island, Washington Lender Lends Money to Inland Water Passenger Water Transportation Company

Find Bainbridge Island, Washington banks that specialize in business loans and know how to work with entrepreneurs. Frontier Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Bainbridge Island, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Frontier Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: INLAND WATER PASSENGER WATER TRANSPORTATION
BAINBRIDGE ISLAND, WA 98110

SBA Loan Lender

FRONTIER BANK
901 HILDEBRAND LN NE
BAINBRIDGE ISLAND, WA 98110

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

483212 - Inland Water Passenger Water Transportation

Loan Approval Date

11/7/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 22 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Frontier Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Startup Funding Tip

SBA Approved Banks in Bainbridge Island, Washington

Where to Get an SBA Loan Washington