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December 23, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Postal Service Loan | ||||
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Washington Mutual Bank SBA Loan Henderson, Nevada
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SBA Loan from Washington Mutual Bank Helps Postal Service CompanyWashington Mutual Bank has a track record as a leading provider of SBA loans. Find out how this Nevada entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Henderson, Nevada was able to borrow $25,000 from Washington Mutual Bank. The SBA made the loan possible by guaranteeing $12,500 of this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: POSTAL SERVICE SBA Loan Lender WASHINGTON MUTUAL BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 491110 - Postal Service Loan Approval Date 9/20/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Washington Mutual Bank and they will explain how you can get an SBA loan for your company. 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:
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