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December 20, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Milwaukie, Business Loans > Keybank National Association Milwaukie Business Loans > Books, Periodicals, And Newspapers Loan | ||||
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Federal Way, Washington Bank Loan
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Loans for Book, Periodical, and Newspaper WholesalersLooking for loans for book, periodical, and newspaper wholesalers? The SBA may be the answer. This $102,300 book, periodical, and newspaper wholesalers loan was issued by an Oregon bank. Getting a small business loan in Federal Way, Washington was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Keybank National Association, operating out of Milwaukie, Oregon. Here are the details on this Washington small business loan. SBA Loan Borrower COMPANY TYPE: BOOKS, PERIODICALS, AND NEWSPAPERS SBA Loan Lender KEYBANK NATIONAL ASSOCIATION This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5192 - Books, Periodicals, and Newspapers NAICS Code 422920 - Book, Periodical, and Newspaper Wholesalers Loan Approval Date 8/15/2000 Loan Approval Gross Amount $102,300 Loan Approval from the SBA Of the total $102,300 loan amount, the SBA guaranteed $76,725. 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your 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: SBA 7A Banks for Milwaukie, Oregon Loans
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