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December 20, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Wheatland Bank Spokane Business Loans > Foundation, Structure, And Building Exterior Contractors Loan | ||||
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How Do We Get a Business Loan in Cheney, Washington?
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Where to Get Capital for Foundation, Structure, and Building Exterior ContractorsLooking for SBA loans for foundation, structure, and building exterior contractors? An SBA loan may be just what you've been looking for. This $27,700 foundation, structure, and building exterior contractors loan was issued by a Washington bank. This business knew how to go about getting a business bank loan. Based in Cheney, Washington, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Wheatland Bank, based in Spokane, Washington. SBA Loan Borrower COMPANY TYPE: FOUNDATION, STRUCTURE, AND BUILDING EXTERIOR CONTRACTORS SBA Loan Lender WHEATLAND BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 238190 - Foundation, Structure, and Building Exterior Contractors Loan Approval Date 7/2/2007 Loan Approval Gross Amount $27,700 Loan Approval from the SBA Of the total $27,700 loan amount, the SBA guaranteed $13,850. 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 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wheatland Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wheatland Bank 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: SBA 7A Lenders in Spokane, Washington
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