Growing Company Gets a Washington Business Loan

Would a Washington bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Washington bank, which offers SBA loans to Washington entrepreneurs.

Getting a small business loan in Olympia, Washington was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Washington Business Bank. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL AND MANAGEMENT DEVELOPMENT TRAINING
OLYMPIA, WA 98501

SBA Loan Lender

WASHINGTON BUSINESS BANK
2607 MARTIN WAY, STE 211
OLYMPIA, WA 98506

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

611430 - Professional and Management Development Training

Loan Approval Date

6/13/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Olympia WA, you ought to talk with a local Olympia SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Olympia businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $50,000 loan. Remember, fight for what you want, and it will be yours!

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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