Financing for Skiing Facilities

With these commercial loans for skiing facilities, the SBA guarantees the lender that the loan will be repaid. This skiing facilities loan for $1,636,000 was given to a Washington entrepreneur in 2003.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Banner Bank, out of Wenatchee, Washington. The loan was granted and they received $1,636,000 to help grow their Redmond, Washington business.

SBA Loan Borrower

COMPANY TYPE: SKIING FACILITIES
REDMOND, WA 98502

SBA Loan Lender

BANNER BANK
701 N CHELAN AVE
WENATCHEE, WA 98801

This SBA business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713920 - Skiing Facilities

Loan Approval Date

8/15/2003

Loan Approval Gross Amount

$1,636,000

Loan Approval from the SBA

Of the total $1,636,000 loan amount, the SBA guaranteed $999,989.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 198 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Banner Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Banner 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.

Related Links:

The Art of Bootstrapping

SBA 7A Banks in Wenatchee, Washington

Washington SBA 7A Lenders