Sedro Woolley, Washington Lender Lends Money to Offices And Clinics Of Chiropractors Company

Find Sedro Woolley, Washington banks that specialize in small business loans and know how to work with entrepreneurs. Whidbey Island Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Bellingham, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Whidbey Island Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
BELLINGHAM, WA 98226

SBA Loan Lender

WHIDBEY ISLAND BANK
339 FERRY ST
SEDRO WOOLLEY, WA 98284

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8041 - Offices and Clinics of Chiropractors

NAICS Code

621310 - Chiropractors

Loan Approval Date

7/6/2000

Loan Approval Gross Amount

$41,500

Loan Approval from the SBA

Of the total $41,500 loan amount, the SBA guaranteed $33,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Bellingham WA, you ought to talk with a local Bellingham SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bellingham businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

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SBA 7A Banks in Sedro Woolley, Washington

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