Federal Way, Washington Entrepreneur Gets a Business Loan

WashingtonSmall business loans are available to Washington small business owners through the SBA. In this case, an Utah bank provides the loan.

Getting a small business loan in Federal Way, Washington was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Washington Mutual Bank Fed. Sa. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
FEDERAL WAY, WA 98003

SBA Loan Lender

WASHINGTON MUTUAL BANK FED. SA
1306 E WOODLAND AVE
SALT LAKE CITY, UT 84106

When this loan was made, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to give quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

7/2/2003

Loan Approval Gross Amount

$499,000

Loan Approval from the SBA

Of the total $499,000 loan amount, the SBA guaranteed $374,250.

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 25 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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