Kitsap Bank SBA Loan to Full-Service Restaurants Company

An SBA loan from Kitsap Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Port Angeles, Washington business owner got a $35,000 loan.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Kitsap Bank, out of Port Orchard, Washington. The loan was granted and they received $35,000 to help grow their Port Angeles, Washington business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
PORT ANGELES, WA 98362

SBA Loan Lender

KITSAP BANK
619 BAY ST
PORT ORCHARD, WA 98366

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

722110 - Full-Service Restaurants

Loan Approval Date

12/20/2002

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

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 30 employees. The SBA loan application for the borrower indicated that the loan would help retain 30 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Port Angeles WA, you ought to talk with a local Port Angeles SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Port Angeles businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Kitsap Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

How to Raise Money

SBA 7A Banks in Port Orchard, Washington

Where to Get an SBA Loan Washington