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November 21, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > New Car Dealers Loan | ||||
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Nevada Bank SBA Loans
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Business Loan from Washington Mutual Bank Given to New Car Dealers CompanyAn SBA loan from Washington Mutual Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lawrence, Massachusetts business owner got a $518,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Washington Mutual Bank, out of Henderson, Nevada. The loan was granted and they received $518,000 to help grow their Lawrence, Massachusetts business. SBA Loan Borrower COMPANY TYPE: NEW CAR DEALERS SBA Loan Lender WASHINGTON MUTUAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441110 - New Car Dealers Loan Approval Date 10/5/2000 Loan Approval Gross Amount $518,000 Loan Approval from the SBA Of the total $518,000 loan amount, the SBA guaranteed $388,500. 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 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Accountant's Role in Securing Financing Best Henderson, Nevada Banks for Small Business
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