Spokane, Washington Lender Lends Money to Educational Support Services Company

Thinking about meeting with a Spokane, Washington bank about a business loan? Here's one Washington business loan, issued by a Spokane bank, that was approved by the SBA.

Applying for an SBA loan with State Bank Northwest worked out well for our friends at one local company in Newman Lake, Washington. The business was able to get an SBA loan for $62,258. Awesome!

SBA Loan Borrower

COMPANY TYPE: EDUCATIONAL SUPPORT SERVICES
NEWMAN LAKE, WA 99025

SBA Loan Lender

STATE BANK NORTHWEST
9727 N NEVADA ST
SPOKANE, WA 99218

At the time this loan was granted, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to offer quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

8/14/2001

Loan Approval Gross Amount

$62,258

Loan Approval from the SBA

Of the total $62,258 loan amount, the SBA guaranteed $52,919.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Related Links:

Business Credit Evaluation

SBA 7A Banks in Spokane, Washington

Washington SBA 7A Lenders