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November 15, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Burlington, Business Loans > Whidbey Island Bank Burlington Business Loans > Personal Care Services Loan | ||||
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Sedro Woolley, Washington Bank Loan
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Business Loans for Personal Care ServicesLooking for business loans for personal care services? Try the SBA. This $30,700 personal care services loan was issued by a Washington bank. This business knew how to go about getting a business bank loan. Based in Sedro Woolley, Washington, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Whidbey Island Bank, based in Burlington, Washington. SBA Loan Borrower COMPANY TYPE: PERSONAL CARE SERVICES SBA Loan Lender WHIDBEY ISLAND BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 12/16/2003 Loan Approval Gross Amount $30,700 Loan Approval from the SBA Of the total $30,700 loan amount, the SBA guaranteed $26,095. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Accountant's Role in Securing Financing Best Banks for Small Business in Burlington, Washington
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