Raising Money for Commercial Printing

Looking for business loans for commercial printing? An SBA loan may be just what you've been looking for. This $194,700 commercial printing loan was issued by a Washington bank.

This small business knew how to go about getting a business bank loan. Based in Redmond, Washington, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Peoples Bank, based in Lynden, Washington.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
REDMOND, WA 98052

SBA Loan Lender

PEOPLES BANK
418 GROVER ST
LYNDEN, WA 98264

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

323119 - Commercial Printing

Loan Approval Date

1/4/2006

Loan Approval Gross Amount

$194,700

Loan Approval from the SBA

Of the total $194,700 loan amount, the SBA guaranteed $146,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 12 existing jobs.

Getting an SBA Loan For Your 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Peoples Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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