SBA Loan from Twin City Bank Helps Telephone And Telegraph Apparatus Company

An SBA loan from Twin City Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kelso, Washington business owner got a $42,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kelso, Washington was able to borrow $42,000 from Twin City Bank. The SBA made the loan possible by guaranteeing $33,600 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: TELEPHONE AND TELEGRAPH APPARATUS
KELSO, WA 98626

SBA Loan Lender

TWIN CITY BANK
729 VANDERCOOK WAY
LONGVIEW, WA 98632

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3661 - Telephone and Telegraph Apparatus

Loan Approval Date

9/6/2000

Loan Approval Gross Amount

$42,000

Loan Approval from the SBA

Of the total $42,000 loan amount, the SBA guaranteed $33,600.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

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 Twin City 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.

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