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December 22, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Cutlery And Flatware Manufacturing Loan | ||||
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Washington Mutual Bank
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Washington Mutual Bank SBA Loan to Cutlery And Flatware Manufacturing CompanyWashington Mutual Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Washington entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sammamish, Washington was able to borrow $20,000 from Washington Mutual Bank. The SBA made the loan possible by guaranteeing $10,000 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: CUTLERY AND FLATWARE MANUFACTURING SBA Loan Lender WASHINGTON MUTUAL BANK This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 332211 - Cutlery and Flatware Manufacturing Loan Approval Date 1/27/2006 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Henderson, Nevada SBA Participating Banks in Nevada
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