Entrepreneur Works With Wenatchee, Washington Bank to Get an SBA Loan

Get to know Wenatchee, Washington banks that specialize in SBA loans and know how to work with entrepreneurs. Banner Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in East Wenatchee, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Banner Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: AMBULATORY HEALTH CARE SERVICES
EAST WENATCHEE, WA 98802

SBA Loan Lender

BANNER BANK
701 N CHELAN AVE
WENATCHEE, WA 98801

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621999 - Ambulatory Health Care Services

Loan Approval Date

8/8/2006

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Banner Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

Banks in Wenatchee, Washington

Getting an SBA Loan in Washington