Washington Bank Loan Issued to General Merchandise Stores Company

Bank loans in Washington are are few and far betweeen these days. We take a look at one Washington bank loan, provided by a Washington bank, that was approved by the SBA.

You can learn something about getting a small business loan in Bothell, Washington by studying this loan to a local company, made back in 2006. Banks like Boeing Empl Cu may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
BOTHELL, WA 98011

SBA Loan Lender

BOEING EMPL CU
12770 GATEWAY DR
TUKWILA, WA 98168

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

6/30/2006

Loan Approval Gross Amount

$50,500

Loan Approval from the SBA

Of the total $50,500 loan amount, the SBA guaranteed $42,925.

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 2 employees. The SBA loan documents indicated that the borrowed money would help create 1 new job.

Getting an SBA Loan For Your Business

If you want money for new small business in Bothell WA, you ought to talk with a local Bothell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bothell businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Boeing Empl Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Boeing Empl Cu 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 in Tukwila, Washington

Where to Get an SBA Loan Washington