Small Business Loans for Commercial and Industrial Machinery and Equipment

Looking for small business loans for commercial and industrial machinery and equipment? An SBA loan may be just what you've been looking for. This $436,200 commercial and industrial machinery and equipment loan was issued by a Washington bank.

Getting a small business loan in Seattle, Washington was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Charter Bank, operating out of Kent, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT
SEATTLE, WA 98134

SBA Loan Lender

CHARTER BANK
6703 S 234TH ST, STE 100
KENT, WA 98032

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

6/6/2005

Loan Approval Gross Amount

$436,200

Loan Approval from the SBA

Of the total $436,200 loan amount, the SBA guaranteed $327,150.

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

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $436,200. How would you spend $436,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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