Financing for Inland Water Passenger Water Transportation

With these commercial loans for inland water passenger water transportation, the SBA guarantees the lender that the loan will be repaid. This inland water passenger water transportation loan for $125,000 was given to a Washington entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bainbridge Island, Washington was able to borrow $125,000 from Frontier Bank. The SBA made the loan possible by guaranteeing $106,250 of this Washington small business loan.

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 debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

483212 - Inland Water Passenger Water Transportation

Loan Approval Date

10/7/2004

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

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Small Business Banks in Bainbridge Island, Washington

SBA Washington Banks