Firm Gets a Washington Business Loan

WashingtonSmall business loans are available to Washington small business owners through the SBA. In this case, a Washington bank provides the loan.

Getting a small business loan in Marysville, Washington was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Prime Pacific Bank, Na. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: AMBULANCE SERVICES
MARYSVILLE, WA 98270

SBA Loan Lender

PRIME PACIFIC BANK, NA
4710 196TH ST SW
LYNNWOOD, WA 98036

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621910 - Ambulance Services

Loan Approval Date

2/15/2001

Loan Approval Gross Amount

$123,300

Loan Approval from the SBA

Of the total $123,300 loan amount, the SBA guaranteed $104,805.

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 only one employee. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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