Entrepreneur Works With Longview, Washington Bank to Get an SBA Loan
Want to talk with a Longview, Washington bank about an SBA loan? Here's one Washington business loan, issued by a Longview bank, that was approved by the SBA.
Applying for an SBA loan with The Cowlitz Bank worked out well for our friends at one local firm in Puyallup, Washington. The business was able to get an SBA loan for $60,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: SCHEDULED PASSENGER AIR TRANSPORTATION
PUYALLUP, WA 98373
SBA Loan Lender
THE COWLITZ BANK
927 COMMERCE AVE
LONGVIEW, WA 98632
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
481111 - Scheduled Passenger Air Transportation
Loan Approval Date
5/10/2007
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $51,000.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Cowlitz Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Cowlitz Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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Find an SBA Lender in Longview, Washington
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