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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 > Electrical And Electronic Repair Shops Loan | ||||
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SBA Lender Seattle
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Entrepreneur Works With Seattle, Washington Bank to Get an SBA LoanFind Seattle, Washington banks that specialize in business loans and know how to work with entrepreneurs. Viking Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Burien, Washington starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Viking Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: ELECTRICAL AND ELECTRONIC REPAIR SHOPS SBA Loan Lender VIKING BANK This was a Low Documentation SBA loan. The SBA created this program to limit 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7629 - Electrical and Electronic Repair Shops NAICS Code 811211 - Consumer Electronics Repair and Maintenance Loan Approval Date 4/6/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Viking Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Raising VC Money for Social Networking Companies SBA Approved Banks in Seattle, Washington
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