Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

Bonney Lake, Washington Bank Loan

 

 
Loan Census SBA Loan Info

Loans for Sports and Recreation Instruction

Looking for loans for sports and recreation instruction? The SBA may be the answer. This $39,800 sports and recreation instruction loan was issued by a North Carolina bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bonney Lake, Washington was able to borrow $39,800 from Bank Of America. The SBA made the loan possible by guaranteeing $19,900 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION
BONNEY LAKE, WA 98390

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

611620 - Sports and Recreation Instruction

Loan Approval Date

8/10/2004

Loan Approval Gross Amount

$39,800

Loan Approval from the SBA

Of the total $39,800 loan amount, the SBA guaranteed $19,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 12 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

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.

Related Links:

A Company That Helps Entrepreneurs

Banks in Charlotte, North Carolina

North Carolina SBA 7A Lenders