Business Loan from Columbia State Bank Given to Travel Arrangement And Reservation Services Company

An SBA loan from Columbia State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Maple Valley, Washington business owner got a $150,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Columbia State Bank, out of Enumclaw, Washington. The loan was granted and they received $150,000 to help grow their Maple Valley, Washington business.

SBA Loan Borrower

COMPANY TYPE: TRAVEL ARRANGEMENT AND RESERVATION SERVICES
MAPLE VALLEY, WA 98038

SBA Loan Lender

COLUMBIA STATE BANK
501 ROOSEVELT AVE
ENUMCLAW, WA 98022

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561599 - Travel Arrangement and Reservation Services

Loan Approval Date

5/31/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new 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 Columbia State 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:

The Art of Bootstrapping

Who Lends Money to Small Businesses in Enumclaw, Washington

Where to Get an SBA Loan Washington