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

Want to talk with a Lynden, Washington bank about a small business loan? Here's one Washington business loan, issued by a Lynden bank, that was approved by the SBA.

Applying for an SBA loan with Peoples Bank worked out well for our friends at one local firm in Sedro Woolley (corporate Name, Washington. They received an SBA loan for $180,000. Nice!

SBA Loan Borrower

COMPANY TYPE: LOGGING
SEDRO WOOLLEY (CORPORATE NAME, WA 98284

SBA Loan Lender

PEOPLES BANK
418 GROVER ST
LYNDEN, WA 98264

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

113310 - Logging

Loan Approval Date

10/7/2005

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

Related Links:

Raising Venture Capital

Best Banks for Small Business in Lynden, Washington

Getting a Business Loan in Washington