Entrepreneur Works With Redmond, Washington Bank to Get an SBA Loan

Thinking about meeting with a Redmond, Washington bank about a business loan? Here's one Washington business loan, issued by a Redmond bank, that was approved by the SBA.

Applying for an SBA loan with Venture Bank worked out well for our friends at one local business in Kirkland, Washington. They got an SBA loan for $77,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: REAL ESTATE AGENTS AND MANAGERS
KIRKLAND, WA 98033

SBA Loan Lender

VENTURE BANK
15801 NE 85TH ST
REDMOND, WA 98052

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

2/28/2000

Loan Approval Gross Amount

$77,000

Loan Approval from the SBA

Of the total $77,000 loan amount, the SBA guaranteed $61,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 22 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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.

This SBA loan was for $77,000. How would you spend $77,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - How to Borrow Money

Best Banks for Small Business in Redmond, Washington

Getting an SBA Loan in Washington