Business Loan from City Bank Given to Gasoline Stations With Convenience Stores Company

An SBA loan from City Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mccleary, Washington business owner got a $1,650,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mccleary, Washington was able to borrow $1,650,000 from City Bank. The SBA made the loan possible by guaranteeing $1,237,500 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
MCCLEARY, WA 98557

SBA Loan Lender

CITY BANK
14807 HWY 99
LYNNWOOD, WA 98087

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

5/24/2004

Loan Approval Gross Amount

$1,650,000

Loan Approval from the SBA

Of the total $1,650,000 loan amount, the SBA guaranteed $1,237,500.

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 8 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

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

If you need money to start business in Mccleary WA, you ought to talk with a local Mccleary SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mccleary businesses.

We can help you find the best banks for small businesses in Mccleary or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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SBA 7A Banks in Lynnwood, Washington

Washington SBA Banks