Entrepreneur Works With Black Diamond, Washington Bank to Get an SBA Loan

Get to know Black Diamond, Washington banks that specialize in small business loans and know how to work with entrepreneurs. Columbia State Bank is one such bank, as evidenced by this SBA loan to a growing company.

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

SBA Loan Borrower

COMPANY TYPE: HEAVY CONSTRUCTION
BLACK DIAMOND, WA 98010

SBA Loan Lender

COLUMBIA STATE BANK
31329 THIRD AVE
BLACK DIAMOND, WA 98010

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

234990 - Heavy Construction

Loan Approval Date

8/20/2002

Loan Approval Gross Amount

$96,300

Loan Approval from the SBA

Of the total $96,300 loan amount, the SBA guaranteed $81,855.

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 only one employee. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Columbia State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Columbia State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Financing Your Business

SBA 7A Banks for Black Diamond, Washington Loans

Washington SBA Bank Lenders