Building Equipment and Machinery Installation Contractors Business Loans

With these business loans for building equipment and machinery installation contractors, the SBA guarantees the lender that the loan will be repaid. This building equipment and machinery installation contractors loan for $1,206,000 was given to a Washington entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in Colbert, Washington, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was State Bank Northwest, based in Spokane, Washington.

SBA Loan Borrower

COMPANY TYPE: BUILDING EQUIPMENT AND MACHINERY INSTALLATION CONTRACTORS
COLBERT, WA 99005

SBA Loan Lender

STATE BANK NORTHWEST
12902 E SPRAGUE
SPOKANE, WA 99216

This SBA loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA delivers a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235950 - Building Equipment and Machinery Installation Contractors

Loan Approval Date

9/28/2004

Loan Approval Gross Amount

$1,206,000

Loan Approval from the SBA

Of the total $1,206,000 loan amount, the SBA guaranteed $880,380.

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 18 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to 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.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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SBA Washington Banks