City Bank Gives Business Loan to Private Mail Centers Company
Searching for a Washington business loan? This Washington entrepreneur got a business loan, provided by a Washington bank that works with the SBA to help small business owners.
By giving the right information to City Bank, this Federal Way, Washington business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: PRIVATE MAIL CENTERS
FEDERAL WAY, WA 98003
SBA Loan Lender
CITY BANK
14807 HWY 99
LYNNWOOD, WA 98087
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561431 - Private Mail Centers
Loan Approval Date
7/31/2002
Loan Approval Gross Amount
$119,500
Loan Approval from the SBA
Of the total $119,500 loan amount, the SBA guaranteed $101,575.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
SBIR Funding
Banks in Lynnwood, Washington
Washington SBA 7A Banks