Aircraft Parts and Auxiliary Equipment Manufacturing Bank Loans

Looking for bank loans for aircraft parts and auxiliary equipment manufacturing? An SBA loan may be just what you've been looking for. This $807,650 aircraft parts and auxiliary equipment manufacturing loan was issued by a Washington bank.

Getting a small business loan in Everett, Washington was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Washington, operating out of Mukilteo, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: AIRCRAFT PARTS AND AUXILIARY EQUIPMENT MANUFACTURING
EVERETT, WA 98204

SBA Loan Lender

THE BANK OF WASHINGTON
12003 MUKILTEO SPEEDWAY, STE
MUKILTEO, WA 98275

This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336413 - Aircraft Parts and Auxiliary Equipment Manufacturing

Loan Approval Date

4/5/2007

Loan Approval Gross Amount

$807,650

Loan Approval from the SBA

Of the total $807,650 loan amount, the SBA guaranteed $605,737.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 8 existing jobs.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Bank Of Washington and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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 Incubators

Banks in Mukilteo, Washington

Getting an SBA Loan in Washington