Financing for Personal Care Services

With these loans for personal care services, the SBA guarantees the lender that the loan will be repaid. This personal care services loan for $150,000 was given to a Washington entrepreneur in 2004.

Getting a small business loan in Bellevue, Washington was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Eastside Comm. Bank, operating out of Bellevue, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
BELLEVUE, WA 98004

SBA Loan Lender

EASTSIDE COMM. BANK
3326 160TH AVE SE, STE 101
BELLEVUE, WA 98008

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

5/20/2004

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 5 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Eastside Comm. Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Advice on Getting a Small Business Loan

Who Lends Money to Small Businesses in Bellevue, Washington

SBA Lenders in Washington