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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Seattle, Business Loans > Viking Bank Seattle Business Loans > Games, Toys, & Children's Vehicles Loan | ||||
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Washington Small Business SBA Loans
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Local Business Gets a Washington Small Business LoanBusiness loans in Washington are hard to find these days. We take a look at one Washington business loan, provided by a Washington bank, that was approved by the SBA. Getting a small business loan in Bothell, Washington was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Viking Bank. Here are the details on this Washington small business loan. SBA Loan Borrower COMPANY TYPE: GAMES, TOYS, & CHILDREN'S VEHICLES SBA Loan Lender VIKING BANK 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 3944 - Games, Toys, & Children's Vehicles Loan Approval Date 1/31/2000 Loan Approval Gross Amount $415,000 Loan Approval from the SBA Of the total $415,000 loan amount, the SBA guaranteed $311,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 30 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Viking Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Role of Business Plan When Raising Money Where to Get an SBA Loan in Seattle, Washington Browse All Business Loan Sources for Washington
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