Renton, Washington Entrepreneur Gets an SBA Loan

Bank loans in Washington are are few and far betweeen these days. We take a look at one Washington bank loan, provided by a Washington bank, that was approved by the SBA.

Getting a small business loan in Renton, Washington was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Washington 1st Internatl. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
RENTON, WA 98055

SBA Loan Lender

WASHINGTON 1ST INTERNATL
9709 3RD AVE NE, STE 110
SEATTLE, WA 98115

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

2/26/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 5 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Renton WA, you ought to talk with a local Renton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Renton businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Washington 1st Internatl 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.

Related Links:

Obtaining Funding - How to Borrow Money

SBA 7A Lenders in Seattle, Washington

Browse All Business Loan Sources for Washington