Where to Get Capital for Flour Mixes and Dough Manufacturing

With these small business loans for flour mixes and dough manufacturing, the SBA guarantees the lender that the loan will be repaid. This flour mixes and dough manufacturing loan for $50,000 was given to a Washington entrepreneur in 2000.

This company knew how to go about getting a business bank loan. Based in Seattle, Washington, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Evergreenbank, based in Seattle, Washington.

SBA Loan Borrower

COMPANY TYPE: PREPARED FLOUR MIXES AND DOUGHS
SEATTLE, WA 98122

SBA Loan Lender

EVERGREENBANK
1111 THIRD AVE, STE 100
SEATTLE, WA 98101

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2045 - Prepared Flour Mixes and Doughs

NAICS Code

311822 - Flour Mixes and Dough Manufacturing

Loan Approval Date

6/6/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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