Business Loan from Pacific Continental Bank Given to Retail Stores Company

An SBA loan from Pacific Continental Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Olympia, Washington business owner got a $68,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Olympia, Washington was able to borrow $68,000 from Pacific Continental Bank. The SBA made the loan possible by guaranteeing $51,000 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
OLYMPIA, WA 98501

SBA Loan Lender

PACIFIC CONTINENTAL BANK
1100 OLIVE WAY, STE 102
SEATTLE, WA 98101

This business 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.

SIC Code

5999 - Retail Stores

Loan Approval Date

6/15/2000

Loan Approval Gross Amount

$68,000

Loan Approval from the SBA

Of the total $68,000 loan amount, the SBA guaranteed $51,000.

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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $68,000. How would you spend $68,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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