Entrepreneur Works With Olympia, Washington Bank to Get an SBA Loan
An Olympia, Washington business loan can be yours. Learn how one firm got a $359,000 business loan from this Washington bank.
This loan to a local firm is a good example of an SBA loan. Washington Business Bank made the loan and the SBA guaranteed a portion of the loan. Many other Washington entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: SERVICES RELATED TO ADVERTISING
SILVERDALE, WA 98383
SBA Loan Lender
WASHINGTON BUSINESS BANK
2607 MARTIN WAY, STE 211
OLYMPIA, WA 98506
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541890 - Services Related to Advertising
Loan Approval Date
7/2/2007
Loan Approval Gross Amount
$359,000
Loan Approval from the SBA
Of the total $359,000 loan amount, the SBA guaranteed $269,250.
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 5 employees. The SBA loan documents indicated that the funding would help create 5 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
We've showcased information on this loan to let you know that businesses like yours 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:
Obtaining Funding - How to Decide How Much to Raise
Banks in Olympia, Washington
Getting an SBA Loan in Washington