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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Kennewick, Business Loans > Community First Bank Kennewick Business Loans > Florists Loan | ||||
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What Does It Take to Get a Business Loan in Richland, Washington?
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How to Get a Loan for FloristsLooking for business loans for florists? Talk to a banker who works with the SBA. This $124,000 florists loan was issued by a Washington bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richland, Washington was able to borrow $124,000 from Community First Bank. The SBA made the loan possible by guaranteeing $105,400 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender COMMUNITY FIRST BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 4/25/2002 Loan Approval Gross Amount $124,000 Loan Approval from the SBA Of the total $124,000 loan amount, the SBA guaranteed $105,400. 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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $124,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Banks for Kennewick, Washington Loans
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