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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Sterling Savings Bank Spokane Business Loans > Dental Laboratories Loan | ||||
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Banks Doing SBA Loans in Washington
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Spokane, Washington Lender Lends Money to Dental Laboratories CompanyWant to talk 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 Sterling Savings Bank worked out well for our friends at one local business in Olympia, Washington. They received an SBA loan for $31,511. Way to go! SBA Loan Borrower COMPANY TYPE: DENTAL LABORATORIES SBA Loan Lender STERLING SAVINGS BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339116 - Dental Laboratories Loan Approval Date 5/20/2004 Loan Approval Gross Amount $31,511 Loan Approval from the SBA Of the total $31,511 loan amount, the SBA guaranteed $26,784. 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 2 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 - Getting Venture Capital SBA 7A Banks for Spokane, Washington Loans
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