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December 20, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Bellingham, Business Loans > Horizon Bank Bellingham Business Loans > Commercial And Service Industry Machinery Manufacturing Loan | ||||
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Bellingham Bank Loan
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Entrepreneur Works With Bellingham, Washington Bank to Get an SBA LoanWant to talk with a Bellingham, Washington bank about a business loan? Here's one Washington business loan, issued by a Bellingham bank, that was approved by the SBA. Applying for an SBA loan with Horizon Bank worked out well for our friends at one local company in Bellingham, Washington. They received an SBA loan for $30,000. Way to go! SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING SBA Loan Lender HORIZON BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 333319 - Commercial and Service Industry Machinery Manufacturing Loan Approval Date 3/7/2007 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Bank Loans in Bellingham, Washington
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