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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Centralia, Business Loans > Security State Bank Centralia Business Loans > Funeral Homes And Funeral Services Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Funeral Homes and Funeral Services SBA LoansWith these SBA loans for funeral homes and funeral services, the SBA guarantees the lender that the loan will be repaid. This funeral homes and funeral services loan for $46,800 was given to a Washington entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lakewood, Washington was able to borrow $46,800 from Security State Bank. The SBA made the loan possible by guaranteeing $39,780 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES SBA Loan Lender SECURITY STATE BANK This lender issued this particular debt financing 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. NAICS Code 812210 - Funeral Homes and Funeral Services Loan Approval Date 6/14/2005 Loan Approval Gross Amount $46,800 Loan Approval from the SBA Of the total $46,800 loan amount, the SBA guaranteed $39,780. 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 promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Lakewood WA, you ought to talk with a local Lakewood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lakewood businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Security State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Security State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Banks for Centralia, Washington Loans
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