Washington Bank Loan Issued to Remediation Services Company

Want a Washington business loan? This Washington entrepreneur got a business loan, provided by a Washington bank that works with the SBA to help small business owners.

You can learn something about getting a small business loan in Lynnwood, Washington by studying this loan to a local business, made back in 2004. Banks like Coastal Community Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: REMEDIATION SERVICES
LYNNWOOD, WA 98037

SBA Loan Lender

COASTAL COMMUNITY BANK
2817 COLBY AVE
EVERETT, WA 98201

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562910 - Remediation Services

Loan Approval Date

11/4/2004

Loan Approval Gross Amount

$411,500

Loan Approval from the SBA

Of the total $411,500 loan amount, the SBA guaranteed $308,625.

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 24 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Coastal Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Coastal Community 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.

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