Kent, Washington Business Gets SBA-Guaranteed Funding from Pacific Continental Bank

An SBA loan from Pacific Continental Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kent, Washington business owner got a $120,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kent, Washington was able to borrow $120,000 from Pacific Continental Bank. The SBA made the loan possible by guaranteeing $102,000 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
KENT, WA 98031

SBA Loan Lender

PACIFIC CONTINENTAL BANK
1100 OLIVE WAY, STE 102
SEATTLE, WA 98101

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

7/11/2001

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Pacific Continental Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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SBA 7A Banks for Seattle, Washington Loans

Getting a Business Loan in Washington