Burlington, Washington Lender Lends Money to Motor Vehicle Towing Company

Want to talk with a Burlington, Washington bank about a business loan? Here's one Washington business loan, issued by a Burlington bank, that was approved by the SBA.

Applying for an SBA loan with Whidbey Island Bank worked out well for our friends at one local company in Burlington, Washington. The business was able to get an SBA loan for $62,800. Great job!

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
BURLINGTON, WA 98233

SBA Loan Lender

WHIDBEY ISLAND BANK
1800 S BURLINGTON BLVD
BURLINGTON, WA 98233

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488410 - Motor Vehicle Towing

Loan Approval Date

4/26/2002

Loan Approval Gross Amount

$62,800

Loan Approval from the SBA

Of the total $62,800 loan amount, the SBA guaranteed $53,380.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Burlington WA, you ought to talk with a local Burlington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Burlington businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $62,800 loan. Remember, anyone can do it... so why not you?

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:

Business Cash Advances

SBA 7A Lenders in Burlington, Washington

Washington SBA 7A Lenders