Bellingham, Washington Bank Lends Money to Concrete Contractors Company in Ferndale, Washington

Get to know Bellingham, Washington banks that specialize in small business loans and know how to work with entrepreneurs. Bank Of The Pacific is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Ferndale, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Bank Of The Pacific. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CONCRETE CONTRACTORS
FERNDALE, WA 98248

SBA Loan Lender

BANK OF THE PACIFIC
100 GRAND AVE
BELLINGHAM, WA 98225

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 business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

1/31/2005

Loan Approval Gross Amount

$341,100

Loan Approval from the SBA

Of the total $341,100 loan amount, the SBA guaranteed $255,825.

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 2 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Ferndale WA, you ought to talk with a local Ferndale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ferndale businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - How to Borrow Money

Banks in Bellingham, Washington

Washington SBA 7A Banks