Local Business Gets a Washington Small Business Loan
WashingtonBusiness loans are available to Washington business owners through the SBA. In this case, a Washington bank provides the loan.
You can learn something about getting a small business loan in Redmond, Washington by studying this loan to a local business, made back in 2000. Banks like Charter Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: EQUIPMENT RENTAL AND LEASING
REDMOND, WA 98052
SBA Loan Lender
CHARTER BANK
10885 NE 4TH ST, STE 100
BELLEVUE, WA 98004
This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7359 - Equipment Rental and Leasing
Loan Approval Date
7/12/2000
Loan Approval Gross Amount
$104,000
Loan Approval from the SBA
Of the total $104,000 loan amount, the SBA guaranteed $78,000.
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 6 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start business in Redmond WA, you ought to talk with a local Redmond SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Redmond businesses.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Charter Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Role of Business Plan When Raising Money
SBA Approved Banks in Bellevue, Washington
SBA Lenders in Washington