Growing Company Gets a Washington Bank 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.
This company, based in Port Orchard, Washington, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Kitsap Bank. We've got the inside scoop on this Washington small business loan.
SBA Loan Borrower
COMPANY TYPE: REAL ESTATE AGENTS AND MANAGERS
PORT ORCHARD, WA 98366
SBA Loan Lender
KITSAP BANK
619 BAY ST
PORT ORCHARD, WA 98366
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
6531 - Real Estate Agents and Managers
Loan Approval Date
7/11/2000
Loan Approval Gross Amount
$810,000
Loan Approval from the SBA
Of the total $810,000 loan amount, the SBA guaranteed $607,500.
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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
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 $810,000 loan. Remember, things become real when you believe you can achieve them!
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 Equity Dilution Works
Find an SBA Lender in Port Orchard, Washington
Washington SBA 7A Lenders