Lynnwood, Washington Lender Lends Money to Hotels And Motels Company

Want to talk with a Lynnwood, Washington bank about an SBA loan? Here's one Washington business loan, issued by a Lynnwood bank, that was approved by the SBA.

Applying for an SBA loan with City Bank worked out well for our friends at one local company in Bellingham, Washington. The business was able to get an SBA loan for $817,500. Sweet!

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
BELLINGHAM, WA 98225

SBA Loan Lender

CITY BANK
14807 HWY 99
LYNNWOOD, WA 98087

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/23/2000

Loan Approval Gross Amount

$817,500

Loan Approval from the SBA

Of the total $817,500 loan amount, the SBA guaranteed $613,125.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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