Business Loan from Comm. Bank - Washington National As Given to Local Passenger Transportation, N.E.C Company

An SBA loan from Comm. Bank - Washington National As typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Seattle, Washington business owner got a $550,200 loan.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Comm. Bank - Washington National As, out of Seattle, Washington. The loan was granted and they received $550,200 to help grow their Seattle, Washington business.

SBA Loan Borrower

COMPANY TYPE: LOCAL PASSENGER TRANSPORTATION, N.E.C
SEATTLE, WA 98138

SBA Loan Lender

COMM. BANK - WASHINGTON NATIONAL AS
601 UNION ST, STE 3600
SEATTLE, WA 98101

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4119 - Local Passenger Transportation, N.E.C

Loan Approval Date

6/8/2000

Loan Approval Gross Amount

$550,200

Loan Approval from the SBA

Of the total $550,200 loan amount, the SBA guaranteed $299,997.

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 22 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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 $550,200 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.

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