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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Port Orchard, Business Loans > Kitsap Bank Port Orchard Business Loans > Computer Systems Design Services Loan | ||||
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Kitsap Bank
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SBA Loan from Kitsap Bank Helps Computer Systems Design Services CompanyAn SBA loan from Kitsap Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Port Orchard, Washington business owner got a $150,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Kitsap Bank, out of Port Orchard, Washington. The loan was granted and they received $150,000 to help grow their Port Orchard, Washington business. SBA Loan Borrower COMPANY TYPE: COMPUTER SYSTEMS DESIGN SERVICES SBA Loan Lender KITSAP BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541512 - Computer Systems Design Services Loan Approval Date 9/19/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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 $150,000 loan. Remember, anyone can do it... so why not you? 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: SBA 7A Banks in Port Orchard, Washington
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