Cashmere, Washington Bank Lends Money to General Automotive Repair Company in Cashmere, Washington

Thinking about meeting with a Cashmere, Washington bank about a business loan? Here's one Washington business loan, issued by a Cashmere bank, that was approved by the SBA.

Applying for an SBA loan with Cashmere Valley Bank worked out well for our friends at one local company in Cashmere, Washington. They received an SBA loan for $390,600. Way to go!

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
CASHMERE, WA 98815

SBA Loan Lender

CASHMERE VALLEY BANK
117 APLETS WAY
CASHMERE, WA 98815

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

8/29/2007

Loan Approval Gross Amount

$390,600

Loan Approval from the SBA

Of the total $390,600 loan amount, the SBA guaranteed $292,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cashmere Valley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 Line of Credit

Small Bank Loans in Cashmere, Washington

SBA Lenders in Washington