Commercial Loans for Office Supplies and Stationery

Looking for commercial loans for office supplies and stationery? The SBA may be the answer. This $150,000 office supplies and stationery loan was issued by a Washington bank.

This business knew how to go about getting a business bank loan. Based in Moses Lake, Washington, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Wheatland Bank, based in Moses Lake, Washington.

SBA Loan Borrower

COMPANY TYPE: OFFICE SUPPLIES AND STATIONERY
MOSES LAKE, WA 98837

SBA Loan Lender

WHEATLAND BANK
1442 S PIONEER WAY
MOSES LAKE, WA 98837

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

453210 - Office Supplies and Stationery

Loan Approval Date

8/7/2003

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 a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees.

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

If you have been wondering how do i get money to start a business in Moses Lake WA, you ought to talk with a local Moses Lake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Moses Lake businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wheatland Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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