Get an SBA Loan for Snack and Nonalcoholic Beverage Bars
Looking for bank loans for snack and nonalcoholic beverage bars? An SBA loan may be just what you've been looking for. This $84,000 snack and nonalcoholic beverage bars loan was issued by a Washington bank.
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 Viking Bank, based in Seattle, Washington.
SBA Loan Borrower
COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
SEATTLE, WA 98109
SBA Loan Lender
VIKING BANK
4 NICKERSON ST, STE 200
SEATTLE, WA 98109
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
10/13/2000
Loan Approval Gross Amount
$84,000
Loan Approval from the SBA
Of the total $84,000 loan amount, the SBA guaranteed $67,200.
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 45 employees. This SBA loan request indicated that the loan would help generate 15 new jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Viking Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Viking Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
Realistic Debt Financing Options
Banks in Seattle, Washington
Washington SBA 7A Lenders