Business Loans for Activities Related to Real Estate

With these business loans for activities related to real estate, the SBA guarantees the lender that the loan will be repaid. This activities related to real estate loan for $242,500 was given to a Washington entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Everett, Washington, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Heritage Bank, based in Snohomish, Washington.

SBA Loan Borrower

COMPANY TYPE: ACTIVITIES RELATED TO REAL ESTATE
EVERETT, WA 98201

SBA Loan Lender

FIRST HERITAGE BANK
167 LINCOLN ST
SNOHOMISH, WA 98290

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531390 - Activities Related to Real Estate

Loan Approval Date

1/2/2003

Loan Approval Gross Amount

$242,500

Loan Approval from the SBA

Of the total $242,500 loan amount, the SBA guaranteed $181,875.

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 5 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 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. First Heritage Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Heritage 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.

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