Borrowing Money for Optical Goods Stores

With these loans for optical goods stores, the SBA guarantees the lender that the loan will be repaid. This optical goods stores loan for $153,200 was given to a Washington entrepreneur in 2006.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Banner Bank, out of Bellevue, Washington. The loan was granted and they received $153,200 to help grow their Lynnwood, Washington business.

SBA Loan Borrower

COMPANY TYPE: OPTICAL GOODS STORES
LYNNWOOD, WA 98037

SBA Loan Lender

BANNER BANK
3005 112TH AVE NE, STE 100
BELLEVUE, WA 98004

This business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and a deep knowledge SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446130 - Optical Goods Stores

Loan Approval Date

3/27/2006

Loan Approval Gross Amount

$153,200

Loan Approval from the SBA

Of the total $153,200 loan amount, the SBA guaranteed $114,900.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Lynnwood WA, you ought to talk with a local Lynnwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lynnwood businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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