Entrepreneur Works With Lynnwood, Washington Bank to Get an SBA Loan

Get to know Lynnwood, Washington banks that specialize in business loans and know how to work with entrepreneurs. City Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Seattle, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from City Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
SEATTLE, WA 98105

SBA Loan Lender

CITY BANK
14807 HWY 99
LYNNWOOD, WA 98087

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/9/2005

Loan Approval Gross Amount

$267,500

Loan Approval from the SBA

Of the total $267,500 loan amount, the SBA guaranteed $200,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Understanding Dilution

SBA Approved Banks in Lynnwood, Washington

SBA Washington Lenders