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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Burlington, Business Loans > Skagit State Bank Burlington Business Loans > Breweries Loan | ||||
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SBA Lenders in Washington
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SBA Loan from Skagit State Bank Helps Breweries CompanySkagit State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Washington entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Bellingham, Washington, they applied for and received an SBA-guaranteed loan in 2008. The lending bank was Skagit State Bank, based in Burlington, Washington. SBA Loan Borrower COMPANY TYPE: BREWERIES SBA Loan Lender SKAGIT STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 312120 - Breweries Loan Approval Date 1/25/2008 Loan Approval Gross Amount $243,000 Loan Approval from the SBA Of the total $243,000 loan amount, the SBA guaranteed $182,250. 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 23 employees. The SBA loan documents indicated that the loan would help generate 23 new jobs. Great, But How Can I Get an SBA Loan for My Business? Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Skagit State Bank and they will explain how you can get an SBA loan for your company. 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: Best Banks for Small Business in Burlington, Washington
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