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December 20, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Olympia, Business Loans > Columbia State Bank Olympia Business Loans > Armature Rewinding Shops Loan | ||||
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SBA Lender Olympia
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Olympia, Washington Bank Gives SBA Loan to Armature Rewinding Shops CompanyThinking about meeting with an Olympia, Washington bank about a business loan? Here's one Oregon business loan, issued by an Olympia bank, that was approved by the SBA. Applying for an SBA loan with Columbia State Bank worked out well for our friends at one local firm in Portland, Oregon. The business was able to get an SBA loan for $378,000. Nice! SBA Loan Borrower COMPANY TYPE: ARMATURE REWINDING SHOPS SBA Loan Lender COLUMBIA STATE BANK This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a thorough understanding of SBA lending rules and regulations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7694 - Armature Rewinding Shops NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 9/6/2002 Loan Approval Gross Amount $378,000 Loan Approval from the SBA Of the total $378,000 loan amount, the SBA guaranteed $283,500. 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 18 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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: Best Olympia, Washington Banks for Small Business
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