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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Kent, Business Loans > Cathay Bank Kent Business Loans > Nondurable Goods Loan | ||||
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Who Lends Money to Bellevue Businesses
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Cathay Bank Gives Bank Loan to Nondurable Goods CompanyWashingtonBank loans are available to Washington firms through the SBA. In this case, a Washington bank provides the loan. You can learn something about getting a small business loan in Bellevue, Washington by studying this loan to a local company, made back in 2002. Banks like Cathay Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS SBA Loan Lender CATHAY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5199 - Nondurable Goods NAICS Code 541890 - Services Related to Advertising Loan Approval Date 12/24/2002 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $450,000. 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 only one employee. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Cathay 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: Determining Proper Capital Structure for a Business Good Banks for Small Business in Kent, Washington Find an SBA Lender in Washington
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