Business Loans for Amusement Arcades

With these business loans for amusement arcades, the SBA guarantees the lender that the loan will be repaid. This amusement arcades loan for $295,834 was given to a Washington entrepreneur in 2006.

This small business knew how to go about getting a business bank loan. Based in Mead, Washington, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Banner Bank, based in Spokane, Washington.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT ARCADES
MEAD, WA 99021

SBA Loan Lender

BANNER BANK
N 25 MULLAN
SPOKANE, WA 99206

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

713120 - Amusement Arcades

Loan Approval Date

9/5/2006

Loan Approval Gross Amount

$295,834

Loan Approval from the SBA

Of the total $295,834 loan amount, the SBA guaranteed $147,917.

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 31 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 31 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Obtaining Funding - How to Borrow Money

Who Lends Money to Small Businesses in Spokane, Washington

Washington SBA 7A Banks