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December 20, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Puyallup, Business Loans > Valley Bank Puyallup Business Loans > Home And Garden Equipment Repair And Maintenance Loan | ||||
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I Need a Business Loan in Spanaway, Washington
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Home and Garden Equipment Repair and Maintenance SBA LoansLooking for SBA loans for home and garden equipment repair and maintenance? An SBA loan may be just what you've been looking for. This $72,000 home and garden equipment repair and maintenance loan was issued by a Washington bank. This business knew how to go about getting a business bank loan. Based in Spanaway, Washington, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Valley Bank, based in Puyallup, Washington. SBA Loan Borrower COMPANY TYPE: HOME AND GARDEN EQUIPMENT REPAIR AND MAINTENANCE SBA Loan Lender VALLEY BANK This lender issued this particular SBA small business 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 811411 - Home and Garden Equipment Repair and Maintenance Loan Approval Date 4/14/2004 Loan Approval Gross Amount $72,000 Loan Approval from the SBA Of the total $72,000 loan amount, the SBA guaranteed $61,200. 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 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 VC Money for Social Networking Companies Best Banks for Small Business in Puyallup, Washington
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