Kirkland, Washington Bank Lends Money to Schools And Instruction Company in Kirkland, Washington

Want to talk with a Kirkland, Washington bank about a small business loan? Here's one Washington business loan, issued by a Kirkland bank, that was approved by the SBA.

Applying for an SBA loan with Frontier Bank worked out well for our friends at one local company in Kirkland, Washington. The business was able to get an SBA loan for $202,200. Nice!

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND INSTRUCTION
KIRKLAND, WA 98033

SBA Loan Lender

FRONTIER BANK
132 KIRKLAND AVE
KIRKLAND, WA 98033

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611699 - Schools and Instruction

Loan Approval Date

3/18/2004

Loan Approval Gross Amount

$202,200

Loan Approval from the SBA

Of the total $202,200 loan amount, the SBA guaranteed $151,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

How to Raise Money

SBA 7A Banks for Kirkland, Washington Loans

Getting a Business Loan in Washington