Eastside Comm. Bank Provides SBA Loan to Buy Gotcha Covered Franchise

Borrowing money to purchase a Gotcha Covered franchise? Eastside Comm. Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Gotcha Covered franchise? If so, here's a 2004 SBA franchise loan that you should know about. Eastside Comm. Bank was the lender and the entrepreneur was based in Everett, Washington.

SBA Loan Borrower

GOTCHA COVERED OF SNOHOMISH
EVERETT, WA 98208

SBA Loan Lender

EASTSIDE COMM. BANK
3326 160TH AVE SE, STE 101
BELLEVUE, WA 98008

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337920 - Blind and Shade Manufacturing

Loan Approval Date

11/22/2004

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Gotcha Covered franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Everett WA, you ought to talk with a local Everett SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Everett businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Eastside Comm. 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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Where to Get an SBA Loan Washington