City Bank SBA Loan to Creamery Butter 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 Mountlake Terrace, Washington business owner got a $532,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mountlake Terrace, Washington was able to borrow $532,000 from City Bank. The SBA made the loan possible by guaranteeing $399,000 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: CREAMERY BUTTER
MOUNTLAKE TERRACE, WA 98043

SBA Loan Lender

CITY BANK
14807 HWY 99
LYNNWOOD, WA 98087

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2021 - Creamery Butter

NAICS Code

311512 - Creamery Butter Manufacturing

Loan Approval Date

5/22/2000

Loan Approval Gross Amount

$532,000

Loan Approval from the SBA

Of the total $532,000 loan amount, the SBA guaranteed $399,000.

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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $532,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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