Americanwest Bank Provides SBA Loan to Buy Candy Bouquet,Inc Franchise

Borrowing money to buy a Candy Bouquet,Inc franchise? Americanwest Bank has a history of making these loans and they are guaranteed by the SBA.

Candy Bouquet,Inc franchise loans are available to Kennewick, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Americanwest Bank, based in Kennewick, Washington, issued an SBA franchise loan for a Candy Bouquet,Inc franchise in 2003. We've got all the details on this Washington small business loan.

SBA Loan Borrower

CANDY BOUQUET
KENNEWICK, WA 99336

SBA Loan Lender

AMERICANWEST BANK
1149 N EDISON
KENNEWICK, WA 99336

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

11/4/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Candy Bouquet,Inc franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Americanwest Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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