SBA Loan from Timberland Bank Helps Chiropractors Company

An SBA loan from Timberland Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Covington, Washington business owner got a $67,700 loan.

Getting a small business loan in Covington, Washington was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Timberland Bank, operating out of Poulsbo, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
COVINGTON, WA 98042

SBA Loan Lender

TIMBERLAND BANK
20464 VIKING WAY NW
POULSBO, WA 98270

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

12/26/2001

Loan Approval Gross Amount

$67,700

Loan Approval from the SBA

Of the total $67,700 loan amount, the SBA guaranteed $57,545.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Timberland 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.

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