Spokane, Washington Lender Lends Money to Beauty Shops Company

Get to know Spokane, Washington banks that specialize in SBA loans and know how to work with entrepreneurs. Inland Northwest Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Spokane, Washington starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Inland Northwest Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
SPOKANE, WA 99206

SBA Loan Lender

INLAND NORTHWEST BANK
421 W RIVERSIDE AVE, STE 113
SPOKANE, WA 99201

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/6/2000

Loan Approval Gross Amount

$21,240

Loan Approval from the SBA

Of the total $21,240 loan amount, the SBA guaranteed $16,992.

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 4 employees. The SBA loan documents did not indicate that the small 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 guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Inland Northwest Bank and they will explain how you can get an SBA loan for your company.

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

SBA 7A Banks in Spokane, Washington

Washington SBA Bank Lenders