Burlington, Washington Bank Lends Money to Boat Building Company in Burlington, Washington

Get business loans from a Burlington, Washington bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Skagit State Bank is a Burlington, Washington small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Washington company.

SBA Loan Borrower

COMPANY TYPE: BOAT BUILDING
BURLINGTON, WA 98233

SBA Loan Lender

SKAGIT STATE BANK
301 E FAIRHAVEN AVE
BURLINGTON, WA 98233

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336612 - Boat Building

Loan Approval Date

8/12/2003

Loan Approval Gross Amount

$63,000

Loan Approval from the SBA

Of the total $63,000 loan amount, the SBA guaranteed $47,250.

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 20 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Skagit State 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:

Small Business Credit Cards

Where to Get an SBA Loan in Burlington, Washington

Washington SBA 7A Lenders