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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Burlington, Business Loans > Whidbey Island Bank Burlington Business Loans > Professional Sports Clubs And Promoters Loan | ||||
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Who Can Get a Business Loan in Everett, Washington?
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Small Business Loans for Sports Teams and ClubsLooking for small business loans for sports teams and clubs? An SBA loan may be just what you've been looking for. This $599,600 sports teams and clubs loan was issued by a Washington bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Everett, Washington was able to borrow $599,600 from Whidbey Island Bank. The SBA made the loan possible by guaranteeing $449,700 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: PROFESSIONAL SPORTS CLUBS AND PROMOTERS SBA Loan Lender WHIDBEY ISLAND BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7941 - Professional Sports Clubs and Promoters NAICS Code 711211 - Sports Teams and Clubs Loan Approval Date 12/15/2000 Loan Approval Gross Amount $599,600 Loan Approval from the SBA Of the total $599,600 loan amount, the SBA guaranteed $449,700. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Find an SBA Lender in Burlington, Washington
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