Entrepreneur Works With Port Orchard, Washington Bank to Get an SBA Loan

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

Applying for an SBA loan with Kitsap Bank worked out well for our friends at one local firm in Silverdale, Washington. They received an SBA loan for $615,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF DOCTORS OF MEDICINE
SILVERDALE, WA 98383

SBA Loan Lender

KITSAP BANK
619 BAY ST
PORT ORCHARD, WA 98366

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8011 - Offices and Clinics of Doctors of Medicine

Loan Approval Date

9/25/2000

Loan Approval Gross Amount

$615,000

Loan Approval from the SBA

Of the total $615,000 loan amount, the SBA guaranteed $461,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 5 new jobs.

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

If you are raising money in Silverdale WA, you ought to talk with a local Silverdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Silverdale businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Kitsap Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Kitsap 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:

Angel Investors

Small Business Banks in Port Orchard, Washington

SBA Washington Lenders