Cashmere, Washington Lender Lends Money to Hardware Stores Company

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

Applying for an SBA loan with Cashmere Valley Bank worked out well for our friends at one local company in Kittitas, Washington. The business was able to get an SBA loan for $151,500. Way to go!

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
KITTITAS, WA 98934

SBA Loan Lender

CASHMERE VALLEY BANK
117 APLETS WAY
CASHMERE, WA 98815

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5251 - Hardware Stores

NAICS Code

444130 - Hardware Stores

Loan Approval Date

6/23/2000

Loan Approval Gross Amount

$151,500

Loan Approval from the SBA

Of the total $151,500 loan amount, the SBA guaranteed $113,625.

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 3 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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