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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Snohomish, Business Loans > First Heritage Bank Snohomish Business Loans > Highway, Street, And Bridge Construction Loan | ||||
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SBA Lender Snohomish, Washington
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Entrepreneur Works With Snohomish, Washington Bank to Get an SBA LoanThinking about meeting with a Snohomish, Washington bank about a business loan? Here's one Washington business loan, issued by a Snohomish bank, that was approved by the SBA. Applying for an SBA loan with First Heritage Bank worked out well for our friends at one local firm in Lake Stevens, Washington. They got an SBA loan for $76,500. Nice! SBA Loan Borrower COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION SBA Loan Lender FIRST HERITAGE BANK 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. NAICS Code 237310 - Highway, Street, and Bridge Construction Loan Approval Date 10/4/2004 Loan Approval Gross Amount $76,500 Loan Approval from the SBA Of the total $76,500 loan amount, the SBA guaranteed $65,025. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Small Business Banks in Snohomish, Washington
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