Spokane, Washington Bank Lends Money to Rv Parks And Campgrounds Company in Loon Lake, Washington

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

Applying for an SBA loan with Sterling Savings Bank worked out well for our friends at one local business in Loon Lake, Washington. They got an SBA loan for $390,600. Way to go!

SBA Loan Borrower

COMPANY TYPE: RV PARKS AND CAMPGROUNDS
LOON LAKE, WA 99148

SBA Loan Lender

STERLING SAVINGS BANK
111 N WALL ST, MAIL STOP #952
SPOKANE, WA 99201

At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program was created to provide quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721211 - RV Parks and Campgrounds

Loan Approval Date

3/7/2003

Loan Approval Gross Amount

$390,600

Loan Approval from the SBA

Of the total $390,600 loan amount, the SBA guaranteed $292,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Sterling Savings Bank and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

SBA Banks in Spokane, Washington

Washington SBA Bank Lenders