Borrowing Money for Advertising Agencies

With these bank loans for advertising agencies, the SBA guarantees the lender that the loan will be repaid. This advertising agencies loan for $398,000 was given to a Washington entrepreneur in 2007.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Heritage Bank, out of Olympia, Washington. The loan was granted and they received $398,000 to help grow their Fife, Washington business.

SBA Loan Borrower

COMPANY TYPE: ADVERTISING AGENCIES
FIFE, WA 98424

SBA Loan Lender

HERITAGE BANK
201 5TH AVE SW
OLYMPIA, WA 98501

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541810 - Advertising Agencies

Loan Approval Date

12/18/2007

Loan Approval Gross Amount

$398,000

Loan Approval from the SBA

Of the total $398,000 loan amount, the SBA guaranteed $298,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 16 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours 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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