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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Kent, Business Loans > Charter Bank Kent Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
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How to Get SBA Loans in Seattle, Washington
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Small Business Loans for Commercial and Industrial Machinery and EquipmentLooking 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 SBA Loan Lender CHARTER BANK 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. Related Links: Best Banks for Small Business in Kent, Washington
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