Oak Harbor, Washington Bank Gives SBA Loan to Logging Company
An Oak Harbor, Washington SBA loan can be yours. Learn how a business got a $570,545 business loan from this Washington bank.
This loan to an entrepreneur is a good example of an SBA loan. Whidbey Island Bank made the loan and the SBA guaranteed a portion of the loan. Many other Washington entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: LOGGING
DEMING, WA 98244
SBA Loan Lender
WHIDBEY ISLAND BANK
450 SW BAYSHORE DR
OAK HARBOR, WA 98277
This business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and a deep knowledge SBA policies and procedures.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
113310 - Logging
Loan Approval Date
12/22/2004
Loan Approval Gross Amount
$570,545
Loan Approval from the SBA
Of the total $570,545 loan amount, the SBA guaranteed $427,909.
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. The SBA loan application for the borrower did not indicate that the small business planned 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?
If you are wondering how to raise money for a business in Deming WA, you ought to talk with a local Deming SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Deming businesses.
We've showcased information on this loan to let you know that businesses like yours 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:
Advice on Getting a Small Business Loan
SBA 7A Lenders in Oak Harbor, Washington
SBA Participating Banks in Washington